California Bill Aims to Reward On-Time Rent Payments

Published on June 21, 2024

Do you pay your rent on time? In California, renters could receive positive marks on their credit if a bill introduced earlier this year is signed into law. Introduced by Assemblyman Matt Haney, Assembly Bill 2747 would provide California tenants the option of having on-time rent payments reported by landlords to credit bureaus. Mr. Haney said the bill, if ultimately passed, would correct the practice where renters’ timely payments aren’t reflected on their credit score while missed or late payments are. “This is an unfair practice that is further pushing millions of renters into cycles of debt and poor financial health,” the Democrat from San Francisco said in a June press release....

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