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If you regularly pay your rent on time and in full, you can have your good payment history reported to credit bureaus to help raise your credit score through a rent-reporting service. Know that any rent-reporting services could require a fee for the service, which is usually paid on a monthly basis.
The benefits of reporting your rent to credit bureaus If your landlord or a reporting agency is reporting your rent payments, and you make your payments on time, it may increase your credit score by an average of 29 points.
You can also use a private rent reporting service to have payments added to your credit reports with all three credit bureaus: Experian, TransUnion and Equifax. You may need to ask your landlord to enroll with one of these services to report your information if they don't use a service already.
Rent payment online on Freecharge is as easy as a cakewalk. Enter Landlord's Details. Provide your landlord's bank account details, IFSC code, mobile number. Make Payment. Enter your credit card details and make rent payment. Payment is Done. Payment gets credited to the landlord's bank account. Live worry-free.
Some landlords allow you to make credit card payments directly while others accept payments made through apps like RentShare or RadPad. As long as you're not late paying the bill each month, it'll reflect positively on both your credit report and your credit score.