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Freddie Mac Wants Landlords to Report Rent Payments. That Could Help Renters Build Credit

Freddie Mac Wants Landlords to Report Rent Payments. That Could Help Renters Build Credit

Having good credit could spell the difference between getting approved for a mortgage, credit card, or personal loan and getting rejected. Credit card usage can actually help build a credit history, though. Similarly, those without loans or mortgages to pay off might suffer from a credit score perspective due to a lack of credit history.