The Real Deal New York

Rent payments can boost tenants’ credit scores

When rent collection firms report payments, tenants can see scores improve
By Kenneth R. Harney | April 21, 2015 11:00AM

From the April issue: It’s the great credit divide in American housing: Those who buy a home and pay the mortgage on time typically see benefits in their credit scores. Those who rent an apartment and pay the landlord on time every month get no boost to their score. Zip. Since most landlords aren’t set up or approved to report rent payments to the national credit bureaus, their tenants’ credit scores often suffer as a direct result. [more]