Federal government plans to include rent payments in credit scores, benefiting companies like Borrowell.
Companies that offer to include rent payments in credit scores welcome the federal government's plan to expand this practice. Andrew Graham, CEO of Borrowell, said he was pleased with the government's commitment, stating it's crucial for consumers to report rental payments to build credit history. The federal government's move aims to address the unfairness of paying rent without building credit, similar to mortgage payments.
March 28, 2024
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