Missed rent payments could soon damage your credit score — and tenants’ advocates are very concerned - eviltoast
Credit bureaus are testing the inclusion of rent payments in credit scores, saying it's a positive move launched by Ottawa. But critics fear the move could compound the issues faced

Credit bureaus are testing the inclusion of rent payments in credit scores, saying it’s a positive move launched by Ottawa. But critics fear the move could compound the issues faced

  • rekabis@lemmy.ca
    12·
    7 months ago

    No missed rent payments affecting credit score unless/until rent payment history can qualify you for a mortgage.

    Rent payments can and should prove financial ability to service a mortgage, and it’s high time we gave people this tool. Rent will always be more than a comparable mortgage, so disregarding this financial history is punishing the poor for the crime of poverty.