Adding your rent payments to your credit report can help improve your credit score—especially if you're just starting out.
Why it matters
Build or boost your score – On-time rent payments can help establish or raise your credit score.
Diversify your credit mix – Rent is a recurring payment, just like loans or credit cards. Adding it strengthens your credit profile.
Perfect for beginners – No credit score yet? Rent reporting can help you build one from scratch.
Will late rent hurt my credit?
Not right away. Rent is only considered “late” if it’s 30+ days past due.
If you:
Miss one month – Nothing is reported.
Miss 90 days in a row – We’ll close your rent reporting to avoid damaging your score.
What if my score drops?
It’s normal to see a small dip after starting a new account . Over time, consistent rent payments typically lead to improvement.
FAQs
Q: Can rent reporting help if I don’t have a credit score?
A: Yes! It’s a great way to start building credit.
Q: Will a single late rent payment hurt my score?
A: Not unless it’s over 30 days late—and if you miss just one, we don’t report it.
Q: What if I stop paying rent altogether?
A: If we don’t see a rent payment for 90 days, we pause your rent reporting so it doesn’t hurt your credit.
Q: How fast will rent reporting improve my credit?
A: It varies, but many members see positive results within a few months of on-time payments.