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 Laredo News
For Laredo residents who rent their homes, a new opportunity to build credit is emerging. Rent reporting services, like the one offered by WalletHub, allow renters to have their monthly payments reported to credit bureaus, potentially boosting their credit score by up to 150 points. This can be especially beneficial for individuals who may not have a lengthy credit history or those who are looking to establish credit for the first time. As the Laredo area continues to grow and attract new residents, the ability to build credit through rent reporting can have a significant impact on the local economy. With more renters able to establish or improve their credit, they may be more likely to qualify for loans or mortgages, which can in turn stimulate the local housing market and support economic development in Webb County.
About this story
Original reporting by KGNS — Sitewide . Laredo News 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 Laredo News readers.
Who reported this story? This story was reported by Rachel DePompa at KGNS — Sitewide. To learn more about how Laredo News selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from Laredo News, or browse our daily briefing and topic hubs .
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