this post was submitted on 25 Apr 2024
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Credit bureaus are testing the inclusion of rent payments in credit scores, saying it's a positive move launched by Ottawa. But critics fear the move could compound the issues faced

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[–] rekabis@lemmy.ca 12 points 4 months ago

No missed rent payments affecting credit score unless/until rent payment history can qualify you for a mortgage.

Rent payments can and should prove financial ability to service a mortgage, and it’s high time we gave people this tool. Rent will always be more than a comparable mortgage, so disregarding this financial history is punishing the poor for the crime of poverty.