While this survey did not indicate whether the indicated practice offering from such Credit Bureau is accepted nationally across states.. there is great impact to renters who are recalibrating their credit standing. Hopefully, this will become an integrated business practice in the near future.
The original article source was published by http://angelikapro.com/
Survey: Only Half of U.S. Consumers Realize Rental Payments Can Be Regularly Reported to Credit Bureaus
Renters Are Confused About What Payments Impact Their Credit Standing
Nearly half (48 percent) of renters mistakenly believe rental payments are automatically reported to credit bureaus. The survey findings reveal widespread confusion about which payments are included in a consumer’s credit history. A majority wrongly believe payments for cable and internet fees (53 percent), utility fees (54 percent) and cell phone bills (52 percent) are regularly reported to credit bureaus. At the same time, less than a third (29 percent) correctly identified mortgage payments as data that is regularly reported to credit bureaus.
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