{"id":971,"date":"2021-09-02T15:43:19","date_gmt":"2021-09-02T19:43:19","guid":{"rendered":"https:\/\/www.clearnow.com\/blog\/?p=971"},"modified":"2021-09-02T15:43:21","modified_gmt":"2021-09-02T19:43:21","slug":"build-credit-history-with-online-rent-payment","status":"publish","type":"post","link":"https:\/\/www.clearnow.com\/blog\/2021\/09\/02\/build-credit-history-with-online-rent-payment\/","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\/07\/Build-Credit-History-1.jpg\"><img decoding=\"async\" width=\"640\" height=\"427\" data-src=\"https:\/\/www.clearnow.com\/blog\/wp-content\/uploads\/2021\/07\/Build-Credit-History-1.jpg\" alt=\"Build Credit History\" class=\"wp-image-978 lazyload\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 640px; --smush-placeholder-aspect-ratio: 640\/427;\" \/><\/a><figcaption>You can build credit history with online rent payment.<\/figcaption><\/figure>\n\n\n\n<p>Your credit history has never been more 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>, which can be a car loan, credit card interest rate, or home loan.  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.  While most people know that a good credit history is important, 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\">Start Now with ClearNow<\/h2>\n\n\n\n<p>In the early 2000s, the big 3 US credit bureaus started adding rent payment information to an individual&#8217;s credit history.  Initially, they offered this only to tenants who rented from the largest apartment companies.  So there were still a large number of tenants missing out on this opportunity to build credit history because they were renting from smaller landlords.<\/p>\n\n\n\n<p>In 2012, Experian made a revolutionary step <a href=\"https:\/\/www.experian.com\/blogs\/news\/2012\/05\/16\/clearnow\/\" target=\"_blank\" rel=\"noreferrer noopener\">by allowing tenants using ClearNow&#8217;s online rent payment service to report their rent payments<\/a>.  In the years that followed, Experian has allowed other online rent payment services to report rent payments.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How Can I Get Rent Payment on My Credit History?<\/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 build credit history with online rent payment information.  Unfortunately, some of them can 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 tenant.<\/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 (sign up at www.ClearNow.com)<\/a>, there is no fee for you as a tenant to have your payments reported to Experian.  Your landlord will be charged $14.95\/mo for the first tenant and just $2\/mo for each additional tenant.  <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Your credit history has never been more important. In today&#8217;s world, a good credit score can lead to lower cost loans, which can be a car loan, credit card interest rate, or home loan. Additionally, many employers are now checking credit scores as part of background checks on potential employees. While most people know that &hellip; <a href=\"https:\/\/www.clearnow.com\/blog\/2021\/09\/02\/build-credit-history-with-online-rent-payment\/\" 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-971","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 - 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