Credit Builder Articles

Does Paying Rent Build Your Credit?

Credit bureaus don't automatically collect information about rent payments, you need to take steps to make sure your rent payment history shows up on your credit report. You can build a solid credit score by reporting your rent payments.

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The best rent reporting services

As renters, part of your financial obligation is to pay your rent on-time every month. But paying rent can also do more than keep your landlords happy; it can also help you build your credit score and strengthen your financial history. With a robust rent reporting service, renters can have their on-time payments submitted to one of the three major credit bureaus and go towards improving their credit score.

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What’s the average credit score you need to rent an apartment?

So you've found your dream home—but are you financially ready and capable of applying? In this article, we’ll break down what credit score renters need in order to secure the apartment of their dreams in their desired building and location.

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How to get credit for the rent you pay

As a renter, you can get credit for the rent you pay consistently and on time. It doesn’t happen automatically, and you can’t just contact the credit bureaus directly to report your payment—you need the assistance of a rent reporting service.

How to Build Your Credit Reporting Rent Payments

If you’ve rented for six months or more, you have an excellent opportunity to build your credit. You can report past rent payments through a rent reporting service to the credit bureaus, and your rental history will appear on your credit report.

Product

RentSpree Launches Rent Reporting Feature to Empower Renters on the Path to Homeownership

RentSpree's Credit Builder feature reports on-time rent payments directly to credit bureaus. Credit Builder helps transform rent payment obligations into stepping stones toward a better credit score.

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Curtis Cardoza

Product Marketing

Woman improving credit score by pulling on scoring meter

How long does it take to improve your credit score?

In this article, we’ll go over what a credit score is, what’s considered a great score and a poor one, as well as how long it takes to improve your credit score.