Rent and utility payments counting towards our credit scores soon! (hopefully)

posted 3 years ago in Money
Post # 3
Member
305 posts
Helper bee
  • Wedding: May 2014

Fingers crossed! I paid off almost all my debt thinking it would help my score and it just lowered it! Yell

Post # 4
Member
10494 posts
Sugar Beekeeper
  • Wedding: January 2011

I don’t get it.  Rent is paid ahead of time, it isn’t a type of credit.  Here, mortgage payments aren’t even reported.

Post # 5
Member
2783 posts
Sugar bee

@LadyBlackheart:  my landlord doesnt even have our social security numbers so I don’t see that happening for me. Also, ultilities do count towards your utility credit score already which is separate.

Post # 6
Hostess
15072 posts
Honey Beekeeper
  • Wedding: June 2011

@AB Bride:  agreed, its not credit.

This is actually going to end up hurting the people its claiming to help. Credit invisible people have a tendency to be the poorer in society and the most likely to pay rents and utilities late. Just another redic move by big finance to charge people more money in interest who can afford it the least. 

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