Can Paying Rent Boost Your Credit Score?

Homeowners can wreck or raise their credit depending on how well they manage their mortgage, but what about renters? Not so long ago, renters only faced credit problems for serious rental offenses and paying their rent on time didn’t help their credit scores, but that has changed in recent years. Now, renters have more to look out for when it comes to their credit histories. Breaking the Lease When you sign a lease you’re agreeing to pay the rent in full each month through the remainder of the lease. If you move out early and skip out on the rest of the rent payments, it could come back to haunt you. “Property managers may send unpaid rent amounts to a collection agency, which then reports t

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