GREENSBORO, N.C. — When it comes to your credit score, there is a huge difference between a fair score and a good score.
According to Forbes, it can cost you about $41,000 in extra interest on the average mortgage if you only have a fair score. If you don't have much of a credit history, one trick is to make sure your landlord reports all the rent payments you've been making on time.
There are several websites and apps they can use to do it for free like Azibo. Credit counselors like Nabu Fitchpatrick with N-Step Credit said it can make a huge impact on your score in a short amount of time.
“They will report two years past of your history. This could increase your credit score by 100 points. Then you're going to be in a different bracket and be able to get credit cards and cars and your interest rates will be lower,” Fitchpatrick said.
If your landlord won't report the scores for you, there is a program called Self where you can provide proof you paid on time and have your score reported to all three credit bureaus for free.
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