Media Coverage – Rental Payment Data on Experian Credit Reports
How did credit reports become the lead story on CNN’s The Situation Room?
In December 2010, Experian became the first credit bureau to include positive rental payment histories on its credit profiles. This unique dataset, collected by Experian RentBureau, can not only help our clients reduce the number of no-hits and obtain a more holistic picture of their borrowers, but can also empower millions of Americans to build or rebuild their credit scores. Simply by paying their rent on time, responsible renters, including students, immigrants and displaced homeowners, may now have the opportunity to gain access to mainstream credit products that they deserve.
CNN's The Situation Room
CNN's Clark Howard
If you rent, there could be some extra credit coming your way! That’s great news for students, recent graduates, etc. Clark Howard reports that renters can now build their credit scores by making on-time rental payments.
Fox News reports that renters may not be throwing away their money after all. Experian is adding resident data and rental payment history to provide consumers with a chance to improve their credit scores. Margaret Mikitka, a former homeowner, had no choice but to give up her home and start renting. Experian finds a creative solution to help displaced homeowners rebuild their rental credit and bring them back into the home market.
Bankrate.com reports that Experian is now incorporating positive rental payment data in credit reports. Now consumers looking for a way to establish or boost their credit history can do so just by paying their rent on time.
About Experian RentBureau
Experian RentBureau receives updated rental payment data every 24 hours from its national network of property management companies. Positive rental payment data is then incorporated within Experian credit reports. To learn more about Experian RentBureau visit www.experian.com/rentbureau.