When you rent a home or apartment, your monthly rent payment is normally one of your biggest expenses each and every month. However, when you go to purchase your first home or buy a new car, your rent isn’t on your credit report. That is about to change!
A national credit report company, TransUnion, has begun informing property owners to send them their renters’ payment histories and reports, and they will put the information onto credit reports. Within approximately one month, you could see a 10-point swing on your credit report. This could benefit those who would like to own a home in the future!
If you are considering selling your home or thinking of moving to Broward County, contact Chris and Natascha Tello and the Tello Team today at 954-237-0600 or visit our website for a comprehensive list of all homes for sale in Miramar, Pembroke Pines, Weston & more!
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