Kamala Harris says credit scores should include rent, cell phones and utilities

Senator Kamala Harris wants to add more data to how credit bureaus calculate credit scores as part of a broader plan to address the black homeownership gap in the U.S.

The Democratic presidential candidate from California unveiled her plan last week during an appearance at the Essence Festival in New Orleans, an annual music and culture festival sponsored by Essence magazine.

Harris called for amending the Fair Credit Reporting Act to require credit reporting agencies to include payments of rent, cellphone bills and utilities when calculating credit scores.

There are an estimated 26 million people who are “credit invisible” and another 19 million who are said to have “unscorable” files, according to the Consumer Financial Protection Bureau.

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