Did you know you can build your credit with your rental payments? Of course not, or you’d already be doing it, wouldn’t’ you?
If you’re a renter, your largest monthly expense is probably your rent payment. Yet you don’t build your credit score by paying your rent on time. You can be penalized on your credit report for a rental eviction, but you aren’t rewarded for being a responsible renter and making timely rental payments. This puts you at a disadvantage because you’re not building credit with a major monthly expense. Homeowners build their credit score by paying their mortgage. Don’t you think it’s time you build your credit score by paying your rent?
If you’ve been paying rent for one or multiple properties, then you may want to pay attention to this information! Click the button below to learn more.