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September
Paying rent on time may improve your credit score
Paying rent on time may improve your credit score
By Cameron Huddleston
For those who don’t know, Experian started including rental payment histories in its credit reports and scores when it acquired RentBureau, a credit bureau that receives rental payment histories from apartment owners and managers. It was a great way for renters in the RentBureau database who made on-time payments to improve their credit score. That database includes only a fraction of the nation’s nearly 100 million renters, though.
To extend this opportunity to more renters, Experian announced that it is collaborating