Many first-time home buyers lack good credit scores, making it more difficult for them to secure a mortgage. One reason is that landlords, phone and cable companies, and other creditors don’t report payments to the big three credit bureaus. Two of the bureaus — Experian and TransUnion — have begun incorporating verified rental-payment data into credit files where it can be included in the computation of credit scores. This development may give the housing market a boost.
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