Experian, one of the big three credit bureaus, now includes your rent payment record in your credit report. Paying the rent late was never a great idea, but now it can impact your credit score, if the landlord chooses to report it. Since landlords may use the threat of credit reporting to make their rents come in faster and easier, this is likely to become increasingly common.
Marie Brack is the author of Frugal Living for the 21st Century: Adventures in Using Your Money Wisely. It’s available on Amazon.com in both Kindle and paperback versions.