More consumers are self-reporting rent payments to credit bureaus, with participation rising to 13% in 2025 from 11% in 2024. Gen Z, Millennials, and Gen X lead the charge. Property manager participation in reporting is down, potentially due to consumers self-reporting through third-party data furnishers like Rental Kharma or RentReporters.
Reporting your rent payments to credit bureaus can boost your credit score, especially if you have a thin credit history. You can sign up for a rent reporting service to have your positive rent payments tracked and reported automatically. However, rent reporting is not a cure-all for credit issues like bankruptcy or overdue debts.
Farmland LP has opened Vital Farmland III to accredited investors, backed by $300M+ in assets and Microsoft’s Climate Fund. Self-reporting rent payments is an easy way to build credit, but be aware of the pros and cons before enrolling in a rent reporting service.
Read more at Yahoo Finance: More People Are Using Rent Payments As the New Secret Weapon For FICO Boosts
