Paying rent in exchange for credit?

Congrats, You are acting like a grown up and paying for your own education. Your mom should be proud of you.

That said, rental payments ARE not tax deductible.

Rental payments DO NOT build credit. To the contrary, they could hurt your credit if you don't pay and your landlord evicts you and sue you in civil court for back rent and damages to his property.

No one prevents you and your mother to make up a formal rental/lease agreement. But why? It doesn't make any difference to you. For your mother, however, she will owe taxes on rental income.

Take care

Renting does not build your credit.

That is 100% myth.

The payments do not show up on your credit reports.

Do not worry about your credit for now.

Worry about getting the best education you possibly can.

Credit will come very easily once you get your career going.

Other things that do not affect credit:

Getting a cell phone plan, renting furniture, pay day loans, even some pay here buy here car places.

If you want to start up credit, consider a secured card.

Wells Fargo has a good one.

Make sure you replace the funds in full each month.

No games of carrying balances which can only cause damage.

Rent hopefully does not build you credit.

The only time that rent payments are reported on your credit is when you don't pay your rent, get evicted, and the judgment is listed on your credit report. It is negative credit.

Renting does not build credit. Rent is not credit at all, you pay for the upcoming month.

Rent is also not tax deductible.

sorry u new to this concept of credit.

rent has zero to do with taxes , at least in USA.

rent really has nothing to do with credit at 21.

suggest u read Total money make over, Dave Ramsey

so u can learn hard costly pain filled life lessons

from others mistakes, not yours.

doing so is much faster , cheaper, easier.

understand u can live with out 'credit'.

good knowledge is good luck.