• What if paying rent on time boosted your credit score?

    2 monthes ago - By Fast Company

    A pilot program in New York found that tracking on-time rent payments can raise credit scores for 76% of renters.
    For the growing number of Americans-around 43 million households-that rent their homes, nonpayment of monthly fees can lead to disastrous consequences, including eviction. Paying late can create bad blood with landlords over time. While those people who do pay rent on time are more likely to be able to remain in place, those renters see few other benefits. Unlike owning a home, which enables people to build wealth and benefit from tax deductions, renting often feels akin to...
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