New Credit Scoring Models Now Count Rent and Utility Payments

If you've been trying to buy a home on the Mississippi Gulf Coast and kept hearing your credit score wasn't high enough, Washington just made the biggest announcement on credit scoring in decades. For the first time, the payments most renters make every single month are being counted toward their credit score, and it changes the picture for a lot of buyers who thought homeownership was out of reach. In this video, we break down exactly what changed, who it helps the most, and why sellers on the Gulf Coast should be paying attention to it. Watch our video to see if the new rules change where you stand.