Under a new California law, landlords who own certain government-subsidized properties must give tenants the option of having their rental payments reported to a major credit bureau. SB 1157 by Sen. Steven Bradford, D-Gardena, is intended to help low-income tenants enhance their credit scores by incorporating on-time rental payment records into their credit histories. This type of reporting rarely happens at present. “This bill, the first of its kind in the nation, starts to correct the longstanding inequity where those with the least resources have to fight the hardest to establish and improve their credit scores,” Bradford said in this… Read More