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?
Image of several tall apartment buildings in a neighbourhood.

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.