Add Your Rental Payments To Your Credit Report

Dated: 05/01/2018

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DO YOU RENT?

Mortgage and installment loansImage title

These LOANS are evaluated by calculating the amount of the original loan versus the remaining unpaid balance. Installment loans are typically car loans or home improvement loans which have a set monthly payment extended over a finite period of time. Note - carrying several mortgage loans as a result of income property may impact your credit score as the additional mortgages can significantly increase the amount of debt on your credit file. Mortgage lenders will generally consider the additional rental income when making a decision on a loan.

To optimize your credit score you need at least one 'installment' and one 'mortgage' loan in good standing.
IF  YOUR RENTING- WE CAN ADD RENTAL HISTORY TO YOUR CREDIT REPORT TO INCREASE YOUR CREDIT SCORE!  LEARN MORE

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