Tuesday, January 17, 2023

Do rent payments help build credit?


Rent payments often make up the largest expense that many people incur each month, but they don’t generally count towards your payment history or other important factors on your credit report. That means your on-time monthly rent payments are likely not contributing to your credit score.





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Equifax Credit Report Example (click on image to enlarge)






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By Lindsey L. Williams at
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Do rent payments help build credit?

Understanding Your Credit Score

  Your credit score is a number between 300-850 that gives lenders an idea of your ability to repay loans in a timely manner. The higher you...

  • Do rent payments help build credit?
    Rent payments often make up the largest expense that many people incur each month, but they don’t generally count towards your payment histo...
  • Understanding Your Credit Score
      Your credit score is a number between 300-850 that gives lenders an idea of your ability to repay loans in a timely manner. The higher you...
  • What is Rent Reporting
    We build credit by reporting your rent payments to Transunion and Equifax through a rent reporting agency called RentReporters . What is Re...