You can have your positive rent payments reported. Whether you live in a single house or a large apartment complex, your on-time payment behavior can help establish or build your credit history.
A recent Experian study found that reporting positive rent payments helps credit scores and can even allow renters who may otherwise have little or no credit history to receive a credit score for the first time.
While landlords and property management companies can report your positive rent payment history to Experian, they are not obligated to do so. If your landlord doesn’t already report your rent payments, you can ask if they would be willing to start. Once reported, your information will be included as part of your credit report and may be include in credit score calculations.
Check out the scope to hear answers to all the questions asked: view scope.
Do you have questions about credit?
Join our live video chat every Tuesday and Thursday at 3:00 p.m. ET on Periscope. Rod Griffin, Director of Public Education at Experian, is available to answer your questions live.
Scoped on: 8/24/2017