Federal plan would count rent toward a credit score. Who will it help — and who could it hurt?
As part of its Renters' Bill of Rights, the federal government introduced a proposal that would make timely rental payments count toward a person's credit score. The aim is to level the playing field for young renters, but there could be pitfalls, experts say.
![Federal plan would count rent toward a credit score. Who will it help — and who could it hurt?](https://i.cbc.ca/1.7084235.1705343209!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/to-rental-housing.jpg)
![Rental units are pictured in Toronto on Jan. 12, 2024. Image of several tall apartment buildings in a neighbourhood.](https://i.cbc.ca/1.7084235.1705343209!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/to-rental-housing.jpg)
As part of its Renters' Bill of Rights, the federal government introduced a proposal that would make timely rental payments count toward a person's credit score. The aim is to level the playing field for young renters, but there could be pitfalls, experts say.