Evans Unveils Positive Rent Reporting Program

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Rochester renters can find support to establish or improve their credit scores through a newly launched positive rent reporting program.

This week, Credit Builders Alliance (CBA) was in Rochester as Mayor Malik Evans launched a new program to help renters establish or improve their credit scores through positive-only rent reporting.

In partnership with CBA, the program offers an opportunity for those who aren’t typically engaged with financial and credit systems to build their scores by having records of their on-time rent payments sent to credit bureaus. The city says there will be no penalty for late or missed payments.

“Positive-only rent reporting is about providing opportunities, particularly for Black and Brown residents, to participate in the mainstream financial system by building credit,” Mayor Malik Evans in announcing the program. “This initiative opens doors for renters with poor or no credit gain access to mortgages, traditional loans, credit cards, and other financial services to achieve economic security.”  

 

 

 

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