Expanded Freddie Mac initiative covers first-year cost of rent reporting through Esusu for multifamily borrowers. Learn more!

Do I need a credit score to get an apartment?

If you’re looking for a new apartment, you are likely already trying to figure out what monthly rent fits your budget. However, other financial factors can determine if you’ll be accepted for a new rental property. Though everything from your savings to your salary can impact your eligibility, today we’ll be talking about a common

Are rental payments included in my credit report?

Pressed for time? Here’s what you need to know. Historically, credit reports don’t include rent payments. Why? Because rent isn’t considered debt. As we all know, landlords and property managers don’t lend us rent money each month to be repaid later with interest.  Until 2010, the only time rent payments would show up on your

A Brief History of U.S. Consumer Credit – Part 2: Consumer Credit Becomes a Right

Pressed for time? Here’s a summary. While the first half of the 20th century saw the beginnings of modern credit systems, they matured in the second half. In the 1960s, everyday shopping moved from installment credit to revolving credit. However, this only happened for those who could afford a middle-class lifestyle. Those in underdeveloped urban

My Home Pathway and Esusu partner to build a pathway to homeownership for working families

This August, during National Black Business Month, two Black-Owned startups are partnering to build a pathway to homeownership for working families through credit building.   Today, 45 Million Americans have poor or no credit score, ultimately impeding their access to capital, homeownership, and wealth-building opportunities.   Rent, which is the single largest monthly expense for most individuals,

A Brief History of U.S. Consumer Credit – Part 1: Making Consumer Credit Mainstream

Pressed for time? Here’s a summary. From the 1920s through 1950s, our modern consumer credit system took shape. These decades saw the invention of installment credit, long-term mortgages, and revolving credit. And the basis of our modern consumer credit landscape was formed. From retail to homeownership, no facet of American life was unaffected by the