Al asked in Business & FinanceCredit · 4 weeks ago

are there any legit companies that will report on time rent payments to boost my credit score?

6 Answers

Relevance
  • 4 weeks ago

    Apts & landlords don't report to credit bureaus..

    • Login to reply the answers
  • 4 weeks ago

    No, because rent is not credit, so it cannot boost your credit score.

    • Login to reply the answers
  • 4 weeks ago

    Rent is not credit.

    Credit is when someone loans you money, and you repay them as agreed.

    Paying for services when the bill is due is not credit because nobody loaned you money.

    Credit score is a way of showing that you repay money you've borrowed, not that you pay bills on time.

    • Login to reply the answers
  • P
    Lv 7
    4 weeks ago

    No, rent payments have nothing to do with your debt ratio or credit score.  However having a good rent payment history will give you a solid record when looking for a new apartment to rent.  

    • Login to reply the answers
  • How do you think about the answers? You can sign in to vote the answer.
  • 4 weeks ago

    No. Rent is not credit.

    • Login to reply the answers
  • 4 weeks ago

    rent is not reported to credit bureaus, it's not a "debt" being repaid, which is also a good thing cuz they dont report your late payments either. The only thing they'll report is if you caused enough damage when you move out and your deposit is not enough to cover it

    • Login to reply the answers
Still have questions? Get your answers by asking now.