Plan in NY to make timely rent payment count towards good credit scores

New York

HUNDREDS of thousands of New Yorkers pay their rent on time every month without seeing those payments counted towards their credit scores, which can be used to determine how much they pay in interest rates on loans or even for cellphone service.

Unlike homeowners who pay a mortgage, renters do not reap the benefits for their dutifulness and punctuality - a distinction that Scott M Stringer, the city comptroller, called "an issue of inequality" in a city overwhelmingly filled with renters.