Paying rent is often a renter's biggest and most consistent monthly expense. It makes sense that this payment should help build their credit, said Michael Sherman, senior vice president of Zillow Rentals. By expanding rent reporting, we're helping more renters build their credit history and take control of their financial future while reinforcing Zillow's role as a trusted partner throughout their housing journey.
As families prepare to send their kids off to college or to start their first jobs, it's time to foster the next phase of their financial growth. Start by having an honest conversation about what you're willing to contribute financially. Many parents help their young adult children, often at the expense of their own retirement plans, so it's critical that you have a clear idea of what you can afford.
