Late Rent to Ding Credit Score As of 2012

late rentRenting has long had some advantages over buying a home. One of the biggest may be that late rent payments don't ding your credit score like late mortgage payments do. But in 2012, that will change, as Lynnette Khalfani-Cox reports at our sister site,

For years, renters who got behind on their housing payments could do so without worrying about the impact that a late payment would have on their credit rating.

Next year that's going to change.

One of the big three credit bureaus, Experian, recently began collecting data about consumer rental payments and including that data in its credit reports.

For 2011, Experian is only reporting positive rental payment information about consumers. But starting in 2012, Experian will also keep tabs on and report negative information too, such as late rent payments.


Want to know how to deal with other rental issues? Here are some AOL Real Estate guides that can help:

Reader Comments (1)

1 Comments / 1 Pages


Add Your Comments

Please keep your comments relevant to this blog entry.Email addresses are never displayed, but they are required to confirm your comments. When you enter your name and email address, you'll be sent a link to confirm your comment, and a password. To leave another comment, just use that password.

To create a live link, simply type the URL(including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted - no need to use <p> or <br> tags.

Compare Mortgage Rates

Mortgage Rates by Zillow