How Paying Rent Can Boost Your Credit Score

You’ve probably heard that one of the best ways to boost your credit score is by paying your bills on time. Your payment history is the single most important factor in determining your credit score. In fact, it makes up 35% of your FICO® Score, which is the most widely used credit scoring model. The most common bills that count toward your credit score are credit cards, car loans, and mortgages. But did you know that paying rent can actually help improve your credit score, too? Here’s how.

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