Renters who pay on time get better credit score

Renters who pay on time get better credit score
 

Hundreds of thousands of people who pay their rent on time are set to benefit from better credit scores.
Credit reference agency Experian said it was now taking account of the payment habits of 1.2 million tenants.
The vast majority of those - some 79% - stand to improve their credit scores and so get better access to bank accounts, loans and mortgages.
Until now, most renters have not been able to prove that they are likely to meet their monthly mortgage payments.
Last year, nearly 150,000 people signed a petition demanding better recognition of tenants who pay their rent on time.
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24 October 2018 in Business, Views: 76
Source: BBC
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