Renters Unaware Rental Payments Regularly Reported to Credit Bureaus

Survey: Only Half of U.S. Consumers Realize Rental Payments Can Be Regularly Reported to Credit Bureaus

Renters Are Confused About What Payments Impact Their Credit Standing

rentingNearly half (48 percent) of renters mistakenly believe rental payments are automatically reported to credit bureaus. The survey findings reveal widespread confusion about which payments are included in a consumer’s credit history. A majority wrongly believe payments for cable and internet fees (53 percent), utility fees (54 percent) and cell phone bills (52 percent) are regularly reported to credit bureaus. At the same time, less than a third (29 percent) correctly identified mortgage payments as data that is regularly reported to credit bureaus.

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Invest Like a Woman

Who is better at investing – men or women? Power struggle

The data may surprise you. Academic studies show that women tend to trade, or buy or sell investments, less frequently than men, and as a result generate better investment returns. Continue reading