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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.
If an applicant doesn't have an ideal credit score, landlords have options and can still rent to them. Landlords can ask applicants to provide context about their low score, have a guarantor for the lease, show proof of income, pay a larger security deposit, and have a shorter lease term.
Many property owners and management companies do not report rent payments to the credit bureaus. And you can't self report rent payments to the credit bureaus either. Despite the obstacles, there are still ways to add your rental payment history to your credit reports with Equifax, TransUnion, and Experian.
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.
If you pay your rent on time every month, reporting your rent to credit bureaus can be a safe way to add positive payment behavior to your credit report.