How Does Reporting your Rent to Credit Bureaus Help your Credit?

How Does Reporting your Rent to Credit Bureaus Help your Credit? article image.

Having positive rent payments reported to Experian can be incredibly helpful for people who are trying to build their credit history for the first time or who are recovering from difficulties.

You need to have a credit history before a credit score can be calculated. If you don't have a credit history, reporting your rent payments can help you establish a credit report.
If you already have a credit history but have had some difficulties in the past, on-time rental payments can help your credit recover more quickly.

By incorporating on-time rental payments into your Experian credit reports, you are demonstrating to lenders that you are successfully managing your financial obligations. Depending on the credit scoring system used, your on-time payments may be included in the calculation.

An 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.

Any landlord can report their tenants' positive rent payments regardless of whether they have a large apartment complex or a single unit.

Check with your landlord to see if they currently report on-time rental payment information. If they don't, go to www.experian.com/buildcredithistory to learn how your landlord can report your positive rent payment to Experian.

Check out the scope to hear answers to all the questions asked.

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: 1/11/2018

The purpose of this question submission tool is to provide general education on credit reporting. 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 may include it in a future post and may also share responses in its social media outreach. If you have a question, others likely have the same question, too. By sharing your questions and our answers, we can help others as well.

Personal credit report disputes cannot be submitted through Ask Experian. To dispute information in your personal credit report, simply follow the instructions provided with it. Your personal credit report includes appropriate contact information including a website address, toll-free telephone number and mailing address.

To submit a dispute online visit Experian's Dispute Center. If you have a current copy of your personal credit report, simply enter the report number where indicated, and follow the instructions provided. If you do not have a current personal report, Experian will provide a free copy when you submit the information requested. Additionally, you may obtain a free copy of your report once a week through April 2022 at AnnualCreditReport.