Does renting or leasing a home affect a credit score in any way?
• The presence of a real estate loan that has always been paid on time shows lenders that you have established a strong credit base, and reflects positively on your credit responsibility. The lack of a real estate loan on your credit report does not decrease your score; however, it generally means that your credit score is not as high as it could be.
Rent payments usually are not reported to credit reporting companies, so do not affect credit scores. The presence of a real-estate loan that always has been paid on time shows lenders that you have established a strong credit base and reflects positively on your credit responsibility. The lack of a real-estate loan on your credit report does not decrease your score. However, it generally means that your credit score is not as high as it could be.
