Experian Adds Rent Payments To Credit Reports

February 24, 2011 6:37 AM

(Credit: Getty Images)

COSTA MESA (AP) — The Experian consumer credit reporting firm has added rent payment histories to its reports.

Costa Mesa, Calif.-based Experian recently acquired RentBureau and is including rental payment data into its traditional credit file. It makes it easier for college students, recent graduates and immigrants who pay their rent on time to boost their credit scores.

Credit reports have previously included credit card, mortgage, loan and finance company account information.

The Los Angeles Times says the RentBureau database receives rental payment histories daily from a limited number of property managers. It’s records include about eight million of the nation’s nearly 38 million rental units.

Experian Adds Rent Payments To Credit Reports

Dennis Schmidt

more control of the people
DAN

WHAT CONTROL…….JUST PAY YOUR RENT ON TIME.
http://worldnewsblog.co.cc/4214/experian-consumer-credit-reporting-firm-adds-rent-payment-histories-to-mortgage-other-credit/ Experian consumer credit reporting firm adds rent payment histories to mortgage, other credit | News Business Blog

[...] Experian Adds Rent Payments To Credit Reports The Experian consumer credit reporting firm has added rent payment histories to its reports. Read more on CBS 2 Los Angeles [...]
Howiet_Sol

This can be a good action for consumers with thin credit files or limited credit history. Most people pay rent or mortgage. Why shouldn’t rent payments help build credit, unless of course, rent payments are not timely, then that could be an issue.
Kristina Woods

This is actually a useful feature. The site I use http://www.tenantverification.com/ has had pay history for a while though it is separate from credit. Sometimes credit gets messed up because of things that aren’t in a persons control. You lose your job and miss some payments while your out of work or rack up a hospital bill. With this to help people boost their credit, people who have seen bad times might be able to get back on their feet.