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.
One of the realities of your credit score is that the higher your credit score is, the bigger hit it will take if you are late on one payment. This is true of one late mortgage payment or one late credit card payment as well, when paying 30 days late can drop your score 100 points if you have a score of 780.The drop is less if you have a lower credit score. The same is true of a late car loan payment.If you have a higher score, you have more to lose.his is true of one late mortgage payment or one late credit card payment as well, when paying 30 days late can drop your score 100 points if you have a score of 780. The drop is less if you have a lower credit score. The same is true of a late car loan payment. If you have a higher score, you have more to lose.