USA Today, June 26, 2019: Your landlord could help you add 40 points to your credit score
Want an easy way to improve your credit score? Talk to your landlord.
The credit scores of many Americans could get an immediate boost of as much as 40 points if their rental payments were added to their credit histories, according to a pilot program run by Goldman Sachs, which gave a first look to USA TODAY.
The pilot’s results highlight one way to help millions of lower income and younger renters who have low scores or no scores at all and are denied loans or qualify for unfavorable terms.
The biggest obstacle: Getting landlords to sign up. Right now, renters have roundabout ways to add the data themselves, but it often costs money.
