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Building Credit - Pay rent by Credit Card
Bobbyd67
Posts: 7 Forumite
I have a long term goal of buying a house. I'm a long way off but determined to make it happen. I'm currently trying to build my credit to make me attractive to lenders. A friend suggested paying my rent by Credit Card and then clearing it straight away. I rent privately, never missed a payment in 8 years. Is this possible and would it boost my credit profile?
0
Comments
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Yes it would - if you are allowed to pay rent by credit card.
Spending on a credit card and paying it off in full will help. The specifics of what you spend on don't matter.What will your verse be?
R.I.P Robin Williams.0 -
I currently do this although my landlord does not like to accept credit cards as there is a perceived risk if debt issues.
Just ensure you have the money ready in a safe place to pay it back the minute your statement is produced the following month.
Good luck!0
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