Monday, January 24, 2011

Rental Data Being Added to Experian Credit Reports

Experian, one of the three national credit bureaus, has announced that it is starting to include rent payment records in the credit reports of select consumers.

The company said that beginning last month it started including rent payment histories for some credit profiles. The company said the information should help people with thin credit files build their credit histories. At this time only positive rental information is being reported. Experian plans to begin adding negative data such as missed payments beginning in 2012. The number of consumers included is estimated to be in "the low millions." Read more at Multifamily Executive Online.