Owner-financed mortgage not reported on credit report

Dear Experian,

I purchased a home in November 2011. The owner is carrying the note. I would like to get my payment history reported to you. What does he have to do in order to report my payments so they reflect on my credit report?



Dear TML,

In order for your mortgage history to be reported, your loan would have to be serviced by a lender who reports to one of the credit reporting companies.

There are strict legal criteria that a business must meet in order to report, update, and verify account information to Experian. Additionally, there are significant costs related to compliance, technology, and reporting standards that make it financially unrealistic for an individual to report a single account.

In order for it to appear in your credit report, the mortgage loan would need to be transferred to a lender that maintains a contractual relationship and reports to one or more of the major credit reporting agencies.  If the company reports to Experian, your payment history would then be reflected on your credit report.

Thanks for asking.

- The “Ask Experian” team

Our policies for Ask Experian:

The information contained in Ask Experian is for educational purposes only and is not legal advice. You should consult your own attorney or seek specific advice from a legal professional regarding your particular situation. Please understand that Experian policies change over time. Posts reflect Experian policy at the time of writing. While maintained for your information, archived posts may not reflect current Experian policy. The Ask Experian team cannot respond to each question individually. However, if your question is of interest to a wide audience of consumers, the Experian team will include it in a future post.