kristen yeager’s new credit report rule could save you hundreds on your next car loan—here’s what to check today
If you’re planning to apply for a mortgage or auto loan in the next few months, a quiet change championed by consumer advocate kristen yeager just became law, and it’s already shaking up how lenders price your risk. Starting this quarter, lenders must now include positive rental payment history on your credit report, meaning that if you’ve been paying rent on time, your credit score could jump by 20 to 50 points overnight. For a typical $30,000 car loan, that boost can slash your monthly payment by more than $50 and save you nearly $1,500 in interest over the life of the loan. Better yet, if your score was stuck in the “fair” zone, this new rule might push you into “good” territory, unlocking lower insurance rates and even lower security deposits on utilities. But there’s a catch: you have to opt in. Check your credit report now—if your rent payments aren’t showing up, contact your landlord or a rent-reporting service like Experian Boost to make sure you get the credit yeager fought to secure.