Friday, May 6, 2016

Your HOA Payments May Now Affect Your Credit Score

http://www.msn.com/en-us/money/realestate/your-hoa-payments-may-now-affect-your-credit-score/ar-BBsEfnw

I don't think I like the idea of this, however I can see the reasoning behind it. HOA dues are fixed expenses and and including them in credit scores helps paint an accurate picture of the credit score.

"Credit data aggregator Sperlonga has agreed to become the first company to furnish HOA payment and account status data to Equifax Inc."

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