{"id":1080,"date":"2022-02-17T14:52:20","date_gmt":"2022-02-17T19:52:20","guid":{"rendered":"https:\/\/www.clearnow.com\/blog\/?p=1080"},"modified":"2022-02-17T14:52:21","modified_gmt":"2022-02-17T19:52:21","slug":"build-credit-history-with-online-rent-payment-2","status":"publish","type":"post","link":"https:\/\/www.clearnow.com\/blog\/2022\/02\/17\/build-credit-history-with-online-rent-payment-2\/","title":{"rendered":"Build Credit History with Online Rent Payment"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.clearnow.com\/blog\/wp-content\/uploads\/2021\/04\/credit-report_640.png\"><img decoding=\"async\" width=\"640\" height=\"564\" data-src=\"https:\/\/www.clearnow.com\/blog\/wp-content\/uploads\/2021\/04\/credit-report_640.png\" alt=\"rent payments can build credit\" class=\"wp-image-806 lazyload\" data-srcset=\"https:\/\/www.clearnow.com\/blog\/wp-content\/uploads\/2021\/04\/credit-report_640.png 640w, https:\/\/www.clearnow.com\/blog\/wp-content\/uploads\/2021\/04\/credit-report_640-300x264.png 300w\" data-sizes=\"(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 61vw, (max-width: 1362px) 45vw, 600px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 640px; --smush-placeholder-aspect-ratio: 640\/564;\" \/><\/a><figcaption>Your Credit is Important. Your Online Rent Payment Can Help.<\/figcaption><\/figure>\n\n\n\n<p>Credit history is pretty important.  In today&#8217;s world, a <a href=\"https:\/\/bettermoneyhabits.bankofamerica.com\/en\/home-ownership\/how-credit-affects-interest-rate\" target=\"_blank\" rel=\"noreferrer noopener\">good credit score can lead to lower cost loans<\/a> &#8211; whether that be a car loan or a credit card interest rate.  Additionally, <a href=\"https:\/\/www.cnbc.com\/select\/can-employers-see-your-credit-score\/\" target=\"_blank\" rel=\"noreferrer noopener\">many employers are now checking credit scores<\/a> as part of background checks on potential employees.  Most people know that a good credit history is important, but much less well known is that you <a href=\"https:\/\/www.experian.com\/rentbureau\/rental-payment\" target=\"_blank\" rel=\"noreferrer noopener\">can build credit history with online rent payment<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Credit Reports Include Rent Payment<\/h2>\n\n\n\n<p>In the 2000s, the big 3 US credit bureaus started to add rent payment information to an individual&#8217;s credit history.  Initially, they offered this only to some people who rented from the largest apartment companies.<\/p>\n\n\n\n<p>In 2012, Experian through its <a href=\"https:\/\/www.experian.com\/rentbureau\/renter-credit\" target=\"_blank\" rel=\"noreferrer noopener\">Experian RentBureau<\/a> subsidiary, made a revolutionary step <a href=\"https:\/\/www.experian.com\/blogs\/news\/2012\/05\/16\/clearnow\/\" target=\"_blank\" rel=\"noreferrer noopener\">by allowing tenants in the ClearNow online rent payment service to report their payments<\/a>.  Later on, Experian worked with other online rent payment service providers to also start reporting rent payments.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How to Build Credit History with Online Rent Payment<\/h2>\n\n\n\n<p>There are <a href=\"https:\/\/www.nerdwallet.com\/article\/finance\/rent-reporting-services\" target=\"_blank\" rel=\"noreferrer noopener\">a number of services<\/a> that help tenants get their rent payment information added to their credit history.  Unfortunately, some of them appear to be a little expensive.  <a href=\"https:\/\/www.rentreporters.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">RentReporters<\/a> charges a $94.95 sign-up fee and then $9.95\/mo.  <a href=\"https:\/\/rentalkharma.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Rental Kharma<\/a> similarly charges a $50 setup fee and then $8.95\/mo per renter.<\/p>\n\n\n\n<p>If you can get your landlord to use <a href=\"http:\/\/www.ClearNow.com\" target=\"_blank\" rel=\"noreferrer noopener\">ClearNow&#8217;s online rent payment service<\/a>, there is no fee for you as a tenant to have your payments furnished to Experian.  Landlords using ClearNow pay $14.95\/mo for the first tenant and just $2\/mo for each additional tenant.  <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Credit history is pretty important. In today&#8217;s world, a good credit score can lead to lower cost loans &#8211; whether that be a car loan or a credit card interest rate. Additionally, many employers are now checking credit scores as part of background checks on potential employees. Most people know that a good credit history &hellip; <a href=\"https:\/\/www.clearnow.com\/blog\/2022\/02\/17\/build-credit-history-with-online-rent-payment-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Build Credit History with Online Rent Payment&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4],"tags":[40,9],"class_list":["post-1080","post","type-post","status-publish","format-standard","hentry","category-reporting-rent-payment-data-to-credit-bureaus","tag-build-credit-history-with-online-rent-payment","tag-online-rent-payment"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Build Credit History with Online Rent Payment - ClearNow Blog<\/title>\n<meta name=\"description\" content=\"A good credit score can lead to lower cost loans. You can also build credit history with online rent payment.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.clearnow.com\/blog\/2022\/02\/17\/build-credit-history-with-online-rent-payment-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Build Credit History with Online Rent Payment - ClearNow Blog\" \/>\n<meta property=\"og:description\" content=\"A good credit score can lead to lower cost loans. 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