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Published 1 month ago

Cautious optimism for federal plan to let rent count toward credit scores

  • Reporting rental payments to credit bureaus is important for building credit history, according to stakeholders.
  • Government seeks to incorporate rental history into credit scores to aid first-time homebuyers in securing mortgages with lower interest rates.
  • Companies in the industry are supportive of the government's move to expand the practice of including rent payments in credit scores.
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