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Rental History Reports: Rebuild Credit with Rental Payments


Rental payment history on credit reports can be a helpful tool for renters that need to rebuild credit. Many renters that have imperfect credit may have a history of paying rent on time.

If rental payment history was reported on credit reports, it might help to rebuild credit scores.

Credit scores can impact the major purchases you make like property or automobiles. A good credit history is vital in today’s economy. Lenders use credit reports and scores to determine the likelihood you’ll pay back a loan.

Responsible renters should get credit for managing their rental payment history and use it to rebuild a good credit history.

The first step in getting your rental payments reported to the credit bureaus is to ask your landlord or property management company since not all landlords “automatically” report rental payments. If your landlord or property management company does not report to the credit bureaus, then sign up through a rental reporting service.

Rent reporting services can get your credit reports to reflect your rent payments at a cost. Here are several services to check out:

Rental services that will report your rental payment history

  • Rent Report Team: There is a one-time enrollment fee of $29.99, which includes access to a free credit report to help you know where you currently stand. The monthly service fee is $7.99 for continuous monthly reporting to the credit bureaus. You can cancel at any time.
  • eRentPayment: Tenants may sign up for this rental payment service only if the landlord is registered. There is a $3 per transaction fee for processing electronic rent payments; the landlord may split that cost or require that the tenant pay it. Reports to all three credit bureaus.
  • RentTrack: Fees can vary depending on whether your landlord is a client. Without landlord participation, RentTrack collects the rent for a $6.95 fee and then sends a check to your landlord. A look-back of up to 24 months is available on your current lease. It reports to all three credit bureaus.
  • PayYourRent: Variable fees, depending on how rent is paid; in some cases, the fees are paid by management. It reports to all three credit bureaus.
  • Rental Kharma: Initial setup is $25, and the service is $6.95 per month. During enrollment, you can report payments made in the previous 24 months for a fee of $5 per month reported. It reports to TransUnion.

How rental payment reporting works

The rental payment reporting service will contact your landlord or property manager to verify your lease & payment history. The service will then validate your rent payments then send that information to the credit bureaus. Rental reporting services will report positive and negative payment data to the credit bureaus – so be aware that late rent payments may hurt your credit score if they are received more than 30 days past the due date.

As long as you pay your rent within 30 days of your due date, it will be counted as an on time payment on your credit report. Pay all your bills including rent on time.

Benefits of rental payment reporting

Rental payment reporting means that you can rebuild your credit history without taking on additional debt, and potentially improve your credit score with your on-time rental payments. Get your rental account reported and it will show on your credit report. Each timely rent payment improves your credit score. Renters with poor credit or little credit can easily rebuild credit history using on-time rental payments.

Most rental reporting services say your average score can increase by 30 to 50 points and offer a 100% Money back guarantee.

Other types of rebuild credit tools

You can get a no credit check visa card, or a credit builder loan that does not require collateral to get approved.

OpenSky® Secured Visa® Credit Card


  • Build Your Credit fast with our monthly reporting to all 3 major credit bureaus.
  • Choose your credit line as low as $200 up to $3000, secured by a fully-refundable* security deposit.
  • Security deposit needs to be submitted before the credit card can be issued.
  • No credit check necessary and no checking account required; apply in less than 5 minutes.
  • Extra credit when you need it, increase your credit line up to $5000.
  • Access to online financial education.
  • *View our Cardholder Agreement located at the bottom of the application page for details of the card. Click the Apply Now button to get to the application page.

Self-Lender Credit Builder Loan


  • Self Lender is a low cost loan that you essentially make to yourself that allows you to build savings and your credit history. Self Lender does not require a credit check.
  • With Self-Lender, you make payments first, and you get the money afterward. Since the account is structured as a loan, you build credit as you make payments towards your account. All of your loan payments are reported to all three credit bureaus.
  • When you open a Credit Builder Account, the FDIC-insured bank opens a Certificate of Deposit in your name. You can choose a CD for $525, $545, $1,000, or $1,700. For 12-24 months, you pay level payments to the bank.
  • Self Lender reports each of the payments to all three major credit reporting bureaus, which should reflect on your credit report.
  • Self Lender customers report credit increases of 30-60 points, with some reporting increases as high as 100 points.
  • Once you complete your payments, you get a mature CD. You can prepay the loan without penalty, but making a loan payment on time is the single best way to improve your credit.

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