When applying for a new rental property, your payment history can be just as important as your credit score. Late rent payments don’t just raise red flags—they might cement your position on a landlord’s "no" list before you even tour the property. But how does paying rent late affect your rental history is compromised? Let’s look at the data and trends. The Impact of One Late Payment Studies suggest that even a single late rent payment can have consequences. According to a survey conducted by TransUnion, 43% of landlords consider payment history the most critical factor when approving a tenant’s application. Just one late payment recorded in your rental history signals potential unreliability—something landlords are keen to avoid. Whether or not it’s reported to credit bureaus, land...
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