Rent Reporting

There is a new way to build credit history for renters. You can now pay your rent through online payment services that are authorized to report your on-time payments to major credit bureaus. We have teamed up with RentTrack to offer you this additional service at no extra charge.

RentTrack online payments include:
  • Pay by Credit Card or e-Check
  • Set up Recurring Payments
  • Opt-in to report to Bureaus
  • Get reminders when rent is due

How do rent payments appear on my credit report?

Rent payments show up like an auto loan (if you have a defined lease term), or like a charge card (when you pay month-to-month). You'll get a leg up against other applicants since your rental history will also show up on rental screening products offered by the bureaus. Finally, scores like Vantage are now incorporating rental payments in their models.

Pay Rent. Build Credit History. It’s about time!

1 in 3 people in the US pay rent. That equates to 100 million people paying over $300B in rent annually with very few getting credit for their on-time payments. That makes rent the largest expenditure with the least impact on a consumer’s credit report.

Fortunately, major credit bureaus have started to record rent payments by teaming up with property managers and online rental payment services.

Rental Reporting is Growing Fast:
Major credit bureaus have high priority initiatives to record rental payments by teaming up with property managers and online rental payment services. Over the next few years, rent reporting will become more commonplace and start appearing on your credit report.
Included in Rental Screening:
Bureaus are adding this information to rental screening reports. As landlords come to rely on this information, their demand for rent reporting will increase as well as their willingness to supply this information.
Included in Lending Scores:
As the data becomes more reliable and pervasive, it can be a great indicator of a consumer's ability to pay. Rent payments are already included in the 3rd version of VantageScore, and will likely be included in other score models in the near future.

Rent payment reporting will have a significant impact for younger consumers with limited, or ‘thin’, credit history. These consumers can't get a credit card in just their name until they are 21, so rent reporting is a great way to get a jump start on building a solid credit profile.

So, while sending a rent check in the mail helps keep a roof over your head, it does not help establish your good reputation with anybody except your landlord. Start securing your financial future by using online rent payments services today so you can set it, forget it, and build credit history.

VantageScore 3 is a product of Experian and TransUnion. Eligible rent payments can be reported to TransUnion and Experian RentBureau.
internal