For many Americans, financial exclusion is a reality. These Americans, many of whom consistently meet their financial obligations as agreed, operate primarily on a cash basis and are exempt from mainstream financial services products due to limited or no credit history.

Therefore, these individuals are dependent on high-cost, short-term credit, and they pay a premium for access to basic services such as utilities and telecommunications. As a result, many of these individuals remain excluded from access to mainstream financial services that ultimately could improve their economic well-being and facilitate their entry into the financial mainstream.

The data in this analysis demonstrates the impact of positive rent reporting on credit file thickness, risk segment migration and credit scores for subsidized housing residents.