business
Expert: Rent reporting could boost your credit score by up to 150 points
By Rachel DePompa at KGNS — Sitewide
· June 29, 2026
· 2 min read
(InvestigateTV) — Traditionally, taking out a loan or using credit cards is how credit history gets reported to the credit bureaus.But John Kiernan, managing editor at personal finance company WalletHub, said that is not the only way to build credit — especially as more people rent for longer per...
Key takeaway ”How rent reporting worksAccording to TransUnion, only about 13 percent of renters get their rent payments reported to the credit bureaus.
Why this matters in The Laredo
For Laredo residents who rent their homes, a new opportunity to build credit is emerging. Rent reporting services, such as the one offered by WalletHub, allow renters to have their monthly payments reported to credit bureaus like TransUnion. This can be especially beneficial in a city like Laredo, where many people may not have a traditional credit history due to limited access to credit cards or loans. By reporting rent payments, individuals can establish or improve their credit score, potentially increasing it by up to 150 points. As the city's housing market continues to grow, rent reporting services can provide a valuable tool for renters to build credit and improve their financial stability. With several services available, Laredo renters should research and compare options to find the best fit for their needs, taking into account factors such as cost and the types of payments that can be reported.
About this story
Original reporting by KGNS — Sitewide . The Laredo surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KGNS — Sitewide . Have a tip or correction? Contact our newsroom .
Category: business ·
Published: June 29, 2026 ·
Source: KGNS — Sitewide ·
Reading time: 2 min
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Frequently asked about this story
What is this story about? (InvestigateTV) — Traditionally, taking out a loan or using credit cards is how credit history gets reported to the credit bureaus.But John Kiernan, managing editor at personal finance company WalletHub, said that is not the only way to build credit — especially as more people rent for longer per...
When was this published? This article was first published on June 29, 2026 by KGNS — Sitewide and curated for The Laredo readers.
Who reported this story? This story was reported by Rachel DePompa at KGNS — Sitewide. To learn more about how The Laredo selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from The Laredo, or browse our daily briefing and topic hubs .
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