Do you pay your rent on time?

Experian says it will include rent payments in its credit reports.  Is it good news?  You be the judge.  For the first-time home-buyers who have paid their rents on time, this is supposed to be good news.  For those who are forgetful, it may not be such good news.  Of course, there is the issue of how much information we want some data collectors to collect about us…And, I hope the “credit bureaus” do a better job of rating people’s creditworthiness than the bond-rating agencies did with the mortgage-backed-securities.  Read it here for yourself:

http://chicagobreakingbusiness.com/2011/02/experian-adds-rent-payments-to-credit-reports.html

Unknown's avatar

About S. Onder Kustu, MBA

Real Estate Broker at Boomerese Realty and Structural Engineer at OAK Structural.
This entry was posted in Uncategorized and tagged , , , . Bookmark the permalink.

Leave a comment