Renters Finally Catch A Break, Can Use Rent Payments To Build Credit Score

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“We should be giving credit to consumers for paying their rent on time.”

Canada’s Renters Finally Catch A Break, Can Now Use Rent Payments To Build Credit ScoreAlex_533 via Getty Images

When Zachary Killam was a renter years ago, he found it strange that all his rent payments counted for nothing on his credit score. Today, Killam is doing something about it. As CEO of the for-profit Landlord Credit Bureau , he inked a deal with credit rating agency Equifax that will allow tenants to have their rent payments count towards their credit score.

Source: Loan Digest (loandigest.net)

 

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