While mortgage payments can boost credit scores for homeowners, renters have long been unable to use housing costs to raise their own scores. But recent Federal Housing Finance Agency (FHFA) changes now allow credit bureaus to count rental payments as part of a person’s credit report.Full article here: https://t.co/9jgFEXpzEu ...

Core Point - The article discusses the issue of unauthorized debts appearing on credit reports, highlighting a specific case where an individual was wrongly impacted by a debt she did not incur [1][2]. Group 1: Unauthorized Debt Impact - An individual named Amy discovered a $17,000 debt on her credit report that was linked to her being an authorized user on a company credit card, which she used for work-related travel [2]. - The debt was not legally hers, as being an authorized user does not make one responsible for the debt, according to the Consumer Financial Protection Bureau (CFPB) [5]. - The presence of such debts can negatively affect credit scores, even if the individual is not the primary account holder [4][5]. Group 2: Advice and Recommendations - Financial advisor Dave Ramsey advised Amy to have her employer remove her from the account to prevent further issues [3]. - He emphasized that it is not legal for such debts to affect credit reports in this manner, and credit card companies should report authorized users correctly [5]. - The article notes that while being an authorized user can help build credit history for younger users, it can also lead to complications if the account is mismanaged [6].

Understanding what's in your credit report can help you make better decisions about credit. Your report is divided into four sections: personal information, credit accounts, inquiries, and public records. https://t.co/k2HMJRQ4Lp ...