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Credit Bureau Will Begin Tracking Rental Payment History

Submitted by bobbyw24 on Wed, 02/09/2011 - 07:35
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by John Orcutt on Tuesday, February 8, 2011 at 5:20am

Amid the lingering national housing crisis, many renters may have felt that they had gotten away relatively unscathed in these tough economic times, avoiding underwater housing prices, high interest mortgage fluctuations, and the fear of foreclosure from lenders eager to toss unwary debtors from their humble (or not so humble) homes. But in 2011, many renters should be aware of a new worry of their very own in the coming year: tenants who get behind on their housing payments will begin negatively impacting their own credit rating.

www.billsbills.com


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Good...

Submitted by RJMooreII on Wed, 02/09/2011 - 07:54.

People should be held accountable for their financial indiscretions. Americans are some of the wealthiest people in the world but apparently don't know how to save a buck. Maybe they're emulating the politicians.

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All initiation of force is a violation of someone else's rights, whether initiated by an individual or the state, for the benefit of an individual or group of individuals - RP