The credit bureaus look at your signed lease agreement as money you own month over month. Essentially, your apartment complex is fronting you money each month to live there and you “pay them back” in the beginning of every month. This is reflected as you have successfully paid back the ‘borrowed’ money thus satisfied your loan. We agree, this is not the way Esusu would choose to word it either.
Written by Esusu Inc.Updated over a week ago