I'm looking to purchase a studio within the next year, can I build my credit rating by making the timely payments on my rent and will it show automatically on my report or only if it's overdue/negative?
2007-03-03 08:54:26 · 4 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
yes you can it will very much help your credit i bought a house and rented it out helped my credit it alot. my credit limit increases every six months to a year.
2007-03-03 08:59:08 · answer #1 · answered by teddy bear 2 · 0⤊ 0⤋
Only if your landlord reports to one or all three of the credit reporting agencies.
The best way to build a good score is to get a credit card and pay it off every month.
Also, a car payment is another good way to build a good credit score because it is considered a trade account.
2007-03-03 09:04:00 · answer #2 · answered by fizzents 4 · 0⤊ 0⤋
in case you pay lease from a mastercard you will injury your credit in time, because of the fact in case you would be unable to pay lease with money you have, then you fairly could desire to visit a greater low fee place. even nevertheless, no longer thinking your genuinely credit status, paying lease on time you are able to in all hazard get a reference out of your landlord which you're a marvelous tenant.
2016-09-30 03:58:18 · answer #3 · answered by guyden 4 · 0⤊ 0⤋
As long as the company or landlord submits your info to the credit bureaus, you will strengthen your credit score.
2007-03-03 09:01:37 · answer #4 · answered by Art 4 · 0⤊ 0⤋