Credit bureaus want to improve financial inclusion by incorporating non-credit sources into their calculations.

Other credit-building companies, like TomoCredit and X1, make short-term loans underwritten against wealth or income rather than repayment history. Those loans then build a credit history, which becomes a credit score.Compared to someone with "very good" credit of between 740 and 799, someone with "fair" credit — between 630 and 689 — has to pay substantially more interest on their loans.

If a "credit invisible" person then ends up with a credit score that's very low, that can be worse than having no credit score at all,your car insurance rate — but in most states that allow insurers to use credit scores, the law specifically says that peopleSimilarly, having bad credit is worse than having no credit when you're applying for a job.

Having a subprime credit score also exposes people to some of the most predatory lenders in the industry."I have yet to see anyone go from credit invisible to a bad score," says Maitri Johnson, who oversees programs at TransUnion that incorporate rent payments into credit scores.All of these programs, so far, are opt-in. People who pay their rent on time are the people who try to improve their credit scores, or get a brand-new score that's reasonably healthy.

Is it wise to leave your credit reporting success or failure to landlords who could manipulate you or your credit? What prevents landlords from using credit reporting to blackmail you?

They already have way too much power over people's lives, so no. No more inputs

Why stop there? In order to get a 30% APR line of credit they should have access to family history, genetics, and random stool samples.

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