Renters Unaware Rental Payments Regularly Reported to Credit Bureaus

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/

Real Estate Services

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

rentingNearly 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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