Rent Payment Reporting: A Boost for Credit Scores, Landlords and Lenders

The government is on a mission to help renters get more credit. It plans to do that by incorporating rental payments into credit reports.

They say the move will help more renters qualify for mortgages. But there are several other implications, and this won't be an overnight Cinderella story. We're told it could be a long haul from Ottawa's announcement to real-world widespread results.

MLN spoke with Sue Hutchison, President and CEO of Canada's largest credit bureau (Equifax Canada), for a sneak peek at how this change could play out.

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