Why rent reporting can harm rather than help vulnerable tenants ...Middle East

Although it may sound like a good idea on the surface, reporting rent payments to credit bureaus like Equifax, Experian and TransUnion could have serious unintended consequences. Done wrong, it could thrust people already struggling to pay rent and make ends meet into homelessness.  Unfortunately, in the last few years, there’s been an increasing push for rent reporting to address the supposedly terrible issue of the 45 million Americans who lack a credit history or have too little history to generate a credit score. Just last month, the National Apartment Association touted its commitment to promoting the reporting of positive rent payments to credit bureaus as its contribution to the

Hence then, the article about why rent reporting can harm rather than help vulnerable tenants was published today ( Sunday 26/02/2023 - 07:13 PM ) and is available on The Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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