experian adds rent payments to credit report

[Jason Miller]

http://www.experian.com/rentbureau/renter-credit.html

Rent payments can now be part of a tenants credit report. Not just late payments or judgments.

This could be another tool to get tenants to pay on time or help build tenant credit if they are lease optioning. From what I can see it currently only allows those with 500 units or more to update the info.

This may only be applicable if you are with a large PM firm. I think its a step in the right direction though. Perhaps if the program works well for experian, they will reduce the number of units required to report to them.