HOA’s can now report to Credit Agencies

Here’s some news that I thought was useful if you live in an HOA/POA. Whether you live in a single family home, a condo or a townhome your Association can now report your payments to all 3 credit bureaus.

You may want to verify if your association is reporting. This could effect your FICO credit score. 

Here’s some more information from credit.com: 

Your HOA Payments May Now Affect Your Credit Score

 

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