Separation of church and state is paraphrased from Thomas Jefferson and used by others in expressing an understanding of the intent and function of the Establishment Clause and Free Exercise Clause of the First Amendment to the Constitution of the United States which reads: Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof...
âBut if the renter is late on their rent (for a period of 30 days or more) for any reason (including legitimate reasons i.e. withholding rent because the rental does not have water or heat) it could result in a reduction in the renterâs credit score.â. How Much Rent Payments Affect Your Credit. The impact of rental payments depends on your situation, Heath explains. âApproximately 35% of your credit score is based upon your payment history,â he says. âIf your rental history is a large part of your payment history, it can have a significant effect on your credit score.
If you have a history of paying late or not paying at all or many collections on your credi (especially from previous landlords or utilities)t, then this could be a big gamble for the landlord to take. Marks such as those on your credit score can be a indicator that you will not pay your rent on time either.