Building Credit as an Asset: The Power of Rent
September 21, 2012 9:30 am - 10:45 am
Room: Virginia B
Tonia pays her rent on-time every month but doesn’t have a credit score. Sounds like one of your clients? She’s not alone – research says nearly 50 million US residents, of the 100 million renters in the US, have thin files. Renters, unlike homeowners, have not had the opportunity to build their credit with monthly housing payments. Credit Builders Alliance (CBA) is partnering with Experian RentBureau to change that. Experian has just added the capacity to add rental data into its consumer credit files. CBA wants to catalyze efforts in the affordable housing industry to leverage the power of rent reporting as a credit building and financial capability tool for low- and moderate-income tenants. CBA believes that affordable housing nonprofits are uniquely positioned to help their residents build meaningful credit histories by pairing rental payment reporting with financial education and other supportive services. If you manage rental properties, provide resident services or financial education to apartment dwellers, or advocate on behalf of low-income tenants, join us to hear more about how rent reporting works and what you can do to help build credit for tenants in the communities you serve.
Speakers:
- Emily Christiansen, Experian RentBureau
- Nasir Idrees, Home Forward
- Sarah Chenven, Credit Builders Alliance (Moderator)
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This session is sponsored by the Credit Builders Alliance. |
Suite 400 
