Credit Access and Inclusion Act – What Do You All Think?

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alex 008

Member
Credit Access and Inclusion Act and what it could mean for credit reporting? From what I’ve read, the idea is to allow more positive payment history—like rent, utilities, and telecom bills—to be included in credit reports, especially for people with little to no traditional credit history.

On one hand, this sounds like a big step forward for people who’ve been financially responsible but haven’t used credit cards or loans. On the other, I’m curious (and a little skeptical) about how well this will actually be implemented—and whether it could open the door to more aggressive data collection.

If it goes through, it could potentially help millions of people build credit more easily, especially young adults and those who’ve been “credit invisible.” But there’s also the concern about how consistently and fairly this kind of info would be reported, and whether consumers would have control over what gets included.

Anyone here have thoughts, concerns, or optimism about this legislation? Do you think it’s a good move, or are there some downsides we should be watching for?
 
Honestly if this passes i might finally get a credit score. Been paying rent and utilities on time for 5 years and still no credit card. Feels like being punished for being responsible in a different way.
 
I’m cautiously optimistic. My little brother’s been struggling to get approved for a credit card just because he hasn’t had debt yet. This could really open doors for folks like him.
 
How long until landlords start using this to increase rent even faster? Look at your shiny credit boost! That’ll be $200 more a month now.
 
It's a good idea but implementation is where good ideas go to die. I want to see strict regulations on how data is collected, reported, and disputed. Otherwise it’s just more power to data brokers.
 
This could help address racial disparities in credit access. Communities that have been underserved by traditional banking systems finally get some recognition for non-loan payment history.
 
I don’t hate it. Anything that pushes the bureaus to recognize alternative financial responsibility is a win. But there’s gotta be clear opt-outs and corrections processes.
 
I work at a credit union and we’re actually already seeing a push toward using rental and utility data. This bill would just give it a federal boost and some standardization.
 
Would love if it includes telecom bills. I’ve had the same cell provider for 8 years with no late payments. Give me something for my loyalty, dang it.
 
Credit inclusion is long overdue, but it needs to come with education. People need to know how this affects their score not just that it does.
 
Honestly i think this is long overdue. Tons of folks pay rent and utilities on time for years and still can’t qualify for decent credit because they don’t use credit cards. If this bill helps them get on the map, I’m all for it. But yeah i’m wary of how it’ll be implemented.
 
Color me cautious. More data often just means “more ways to sell your info. I want transparency. Will we have the option to opt out of including certain payments? Will landlords report late rent aggressively but forget the 11 months you paid early?
 
As someone who’s been renting for over a decade with ZERO missed payments, I’d love if that actually counted for something. My credit history is thinner than a college student’s wallet. If utilities and rent help pad it, bring it on.
 
Dude if this was a thing in 2015.......i wouldn't have had to co-sign with my mom for my first car. I paid rent on time for years. This could genuinely help young people and immigrants who haven’t built credit traditionally.
 
the legislation would amend the Fair Credit Reporting Act to let utility/telecom data be added with consent. Key word: with consent. That part’s crucial, because without safeguards we open a whole can of worms on surveillance capitalism.
 
Could be a game changer for budgeting apps and fintechs too. More data means more accurate scoring, sure, but also better predictive modeling. Still privacy concerns should be front and center. This needs watchdogs.
 
Landlords are gonna mess this up. I rent from a small private owner who still collects checks. Is he really gonna report my payment history? Or just the big management companies? Feels uneven already.
 
I like it. I just don’t want my electric company throwing shade on my credit if I’m 3 days late during a heatwave. Like let’s not pretend every utility company is super accurate or forgiving.
 
What if people are on payment plans or struggling with inflation but trying their best? Will the act take into account hardship programs? Or will it treat a deferred bill the same as a missed one?
 
Okay but can we also talk about how credit scoring is fundamentally broken? This Act might help a bit but the whole system needs an overhaul. You're punished for being debt-free. Make it make sense.
 
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