Rental Payments Will Count Toward Credit History - by Sheiresa Ngo – If you don’t own a home, have little credit card history, or don’t own a car, you still have a chance at building your credit file. Credit reporting agency Experian has begun including apartment rental history to their database. Before, apartment rental history only appeared on your report after a property management company sent it to a collections agency and the agency then reported it to the credit bureaus. Now, positive history will also be reported. This is beneficial to consumers who have thin credit files (those with little or no credit history), making it easier for them to qualify for loans. Now, paying your rent on time will improve your credit score. But this only applies to Vantage scores offered by Experian. Equifax and TransUnion are not offering rental payment history.
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