Rent Reporting and the Importance of Credit-Building Options for Renters
Sarah Chenven and
Additional contact information
Sarah Chenven: Credit Builders Alliance
Doug Ryan: CFED
Community Investments, 2014, issue 02, 10-11
Although making late housing payments can damage the credit of homeowners just as much as it damages the credit of renters, historically only homeowners have been able to build positive credit histories when they pay on time. Today, more than one-third of Americans rent their homes, a ratio that has increased since the start of the financial crisis. Rent reporting programs offer renters the opportunity to include on-time payments as valid trade lines on traditional consumer credit reports. The emergence of this system could provide millions of renters with the chance to build credit without taking on additional debt or incurring the burden of an additional monthly expense.
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://www.frbsf.org/community-development/files/c ... -Credit-Building.pdf Full text (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:fip:fedfci:00033
Ordering information: This journal article can be ordered from
Access Statistics for this article
More articles in Community Investments from Federal Reserve Bank of San Francisco Contact information at EDIRC.
Bibliographic data for series maintained by Federal Reserve Bank of San Francisco Research Library ().