Update Your Credit Report to Show Home Ownership

Father tickling daughter on porch
Dear Experian,

I am the owner of a house with a paid mortgage, which I am renting to family. How will this affect my credit scores, and how can I update my credit report with this information?

- JDB

Dear JDB,

A paid mortgage will appear in your credit report for 10 years after the final payment, if there was no negative information in its history, such as late payments. If the mortgage was paid off more than 10 years ago, it will no longer appear in your credit report.

Renting the house to a tenant is not reflected in your personal credit report. Your credit report only reflects debts you owe.

As a landlord you can help the family members renting from you build their credit history, though. Experian can include their positive rent payment information in their credit reports. You can learn more about how you can help them have rent payment information reported at Experian's RentBureau.

Thanks for asking.
The "Ask Experian" team

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