Paying rent usually won't boost your credit score. Here's what renters need to know to make it count
Publishing timestamp: 2024-01-20 08:30:01
Summary
The article discusses the rise of rent-reporting services that track users' rent payments and report them to credit bureaus in order to help renters build credit. It emphasizes the importance of ensuring that the service reports to all three major credit bureaus and highlights Zillow Group's new rent payment reporting feature. The article also mentions other rent-reporting services available and the potential benefits for both renters and landlords. It concludes by advising readers to understand which credit bureaus the rent-reporting service sends reports to.
Sentiment: NEUTRAL
Keywords: zillow group inc, consumer credit, real estate, lendingtree inc, social issues, credit cards, credit report, credit score, housing rental, personal loans, business news, personal finance, products and services, personal debt,
Source: https://www.cnbc.com/2024/01/20/how-to-use-rent-reporting-services-to-build-improve-credit.html