No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
Apologies if this has been covered, I couldnt find any recent threads.
I am doing work in another state. For me, it made sense to take a lease over extended stay.
I knew I would take an inquiry for the app but the apt is reporting and updating to Ex each month.
Is this normal? It does impact my AAoA but a 6 month lease with perfect payments will show for years.
First time I've ever heard of an apartment reporting payment history. Seems strange.
Yes, Experian has been offering this product. I think it is new within the last year or so, but I am not sure of the date they started reporting. From what I have read, It is supposed to help the unbanked and others get credit scores by reporting the rent payments so they can eventually qualify for credit and/or a mortgage.
http://www.experian.com/rentbureau/rental-history.html
http://www.experian.com/rentbureau/renter-credit.html
@Anonymous wrote:First time I've ever heard of an apartment reporting payment history. Seems strange.
It's strange, but it makes sense. They can report your failure to pay cleaning or whatever you were unaware of, as a collection. It's good that your positive payments should also have an impact. It'll take a while, but as long as you're never over 30 days late it'll help quite a few renters.