this post was submitted on 25 Apr 2024
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Since credit scores are intended to quantify risk to potential lenders, I would assume that missing rent payments is definitely not a good sign to that end
I think there is also upside here by formally allowing renters to positively affect their credit history through consistent renting.
Homeowners and credit card owners can improve their credit via consistent payments, why not renters?
(Yes, I do know there are ways to have your lease impacting your credit but they aren't a default and many renters would benefit from the credit boost this could enable)
I agree completely. Though any debt of any sort has the ability to affect your credit, at least in the USA. A judgement entered against you for a debt can be reported (or detected by) credit rating agencies which will adversely affect your credit.