On-time Rental Payment History May Be Reported

Until recently, positive rent payment was not reported either. But that is changing. All three national credit reporting companies now report on-time rent payment history. The information is now available for inclusion in credit score calculations.

Not all credit scoring systems are able to incorporate positive rent payment information at this time, but Experian believes that will change with time.

Now, positive rental payment history can play a part in building a strong credit history. That can be especially important for people who are trying to establish credit for the first time, or who are trying to rebuild their credit history after a period of financial difficulty.

One Reply to “On-time Rental Payment History May Be Reported”

Leave a Reply

Your email address will not be published. Required fields are marked *