Canada’s Renters Finally Catch A Break, Can Now Use Rent Payments To Build Credit Score
When Zachary Killam was a renter years ago, he found it strange that all his rent payments counted for nothing on his credit score. “When I moved into my first place, I had a $300 credit card limit. I paid my rent on time, but it always struck me: Why isn’t my rent ― which is of course my largest expense each month ― not on my credit record? I have a credit record for my phone bill but not my rent.”