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If you’re one of millions of Americans who have faced job loss or reduced income from the Covid-19 pandemic and are facing financial hardship, you may be worried that missing rent and other payments will affect your credit score. The good news is that at least for the near-term, your credit score won’t be downgraded,—Read More
Landlords are in a good position to help their tenants who have a good track record of paying rent on time by offering to report the last 24 months of rental payment activity to the credit agencies. The credit reporting bureaus all accept rental payment histories from the past 24-48 months, and for renters who are currently in a cash-crunch situation but have been responsible tenants in the past, offering this service can go a long way towards fostering a good relationship and potentially incentivize residents to find a way to pay their rent.
