According to a previous TransUnion survey, 51 percent of renters «would be more likely to choose a property if they knew their landlord would report
their rental payments to credit bureaus,» as 79 percent of survey respondents said they prioritize rental payments above all other monthly bills.
Not exact matches
Dilenia can also have her
rental payments reported
to the
credit bureaus using services such as RentTrack or RentReporters.
Right now, Experian is the only major
bureau that collects and lists
rental payment information (through its RentBureau Division) on consumer
credit reports — and just over 45 property managers presently report such information
to Experian.
While not all landlords are reporting (and not all
credit bureaus are accepting)
rental payment history, the fact that Experian is doing it looks like a positive step
to help foreclosed homeowners get back on the right track.
They include: Rent Reporters (one - time enrollment fee of $ 45.95, then $ 9.95 per month, reports
to TransUnion
credit bureau);
Rental Kharma ($ 40 setup fee, then $ 9.95 per month, reports
to TransUnion); RentTrack ($ 2.95 per month, sometimes offered through landlords, reports
to all three
credit bureaus); ClearNow (debits rent from your checking or saving account, reports
to Experian); PayYourRent (variable fees, reports
to TransUnion and Experian); ERentPayment ($ 3 transaction fee for processing electronic rent
payments, reports
to all three
credit bureaus).
Tenant understands that it may take up
to six months for
rental payment data
to appear on
credit bureau records.
Reporting the tenant - buyer's on - time rent
payments to the
Credit Bureau for them using a service called
Rental Karma
Various
rental reporting agencies, like Rental Kharma or RentTrack, will even arrange payment between you and your landlord / property manager in addition to reporting the transaction to the credit bu
rental reporting agencies, like
Rental Kharma or RentTrack, will even arrange payment between you and your landlord / property manager in addition to reporting the transaction to the credit bu
Rental Kharma or RentTrack, will even arrange
payment between you and your landlord / property manager in addition
to reporting the transaction
to the
credit bureaus.