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There are some other interesting articles on this website as well.
http://www.collectionsrecon.com/collection_news/rent-payments-may-soon-affect-your-credit-score/
The article doesn't say whether EX will include this in their FICO score formula or their "Plus" score formula.
From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774
"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".
As it stands right now, if a tradeline is marked as a rental agreement it will be excluded from FICO scoring. Can't say whether that will be the case for the non-FICO scoring models.
@Lel wrote:As it stands right now, if a tradeline is marked as a rental agreement it will be excluded from FICO scoring. Can't say whether that will be the case for the non-FICO scoring models.
Rent suddenly reported as installment loan
I knew that but had forgotten. Thanks for the kick start!
From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774
"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".