Even the Catch-22s Come With Catch-22s: Potential Harms & Drawbacks of Rent Reporting
Rent reporting carries huge risks for renters, especially the most vulnerable families who struggle with housing costs.
Filter By
Rent reporting carries huge risks for renters, especially the most vulnerable families who struggle with housing costs.
Credit reports and scores, tenant and employment screening reports, and other background checks all impact fundamental necessities in a consumer’s life: the ability to rent an apartment or buy a home, obtain insurance, find a job, open or keep a bank account, and obtain fairly priced credit. Yet each one of these categories of “consumer…
Read More about 2024 Credit & Consumer Reporting Priorities to Promote Economic Stability
Credit scores reflect dramatic and troubling disparities by race, due to a multitude of factors explored in this brief, including the racial wealth gap, decades of redlining and housing segregation, historical and present-day employment discrimination, and racially biased criminal justice practices.
Read More about No Silver Bullet: Using Alternative Data for Financial Inclusion and Racial Justice
Consumers are “credit invisible” if they don’t have any credit history with the Big Three credit bureaus (Equifax, Experian, and TransUnion) or if their histories are too scant or old (“thin”) to generate a credit score.
Read More about Credit Invisibility and Alternative Data: Promises and Perils
What is a bank account screening consumer reporting agency (CRA)? It is a database that contains information about a consumer’s history dealing with bank accounts. Bank account screening CRAs mostly include information on negative events, such as having an account closed due to too many overdrafts or nonsufficient funds (NSF) transactions, or, in rare cases,…
Read More about Introduction to Account Screening Consumer Reporting Agencies
One of the efforts to promote alternative credit data urges that utility companies engage in monthlyreporting of customer payments, including late payments, to the Big Three nationwide credit reportingagencies (CRAs), Equifax, Experian, and TransUnion. Currently, the vast majority of electric and naturalgas utility companies only report to those three CRAs when a seriously delinquent account…
Read More about Full File Utility Credit Reporting: Harms to Low-Income Consumers