In-Depth Articles and Practical Resources

A credit report summarizes how promptly an individual pays their bills. Credit reporting agencies assign a credit score ranging from 300 to 850 based on bill payment habits and other factors in handling credit responsibly.

When a rental unit becomes vacant, a landlord or property manager needs to fill it with new occupants who will pay their rent on time every month and leave the property in excellent shape. To find tenants, property owners and managers may be inclined to run an ad, see who turns up to visit, and go with their intuition.

Rent reporting to credit bureaus is one of the easiest ways for Landlords to reduce income loss and reward their responsible Tenants with good credit. Landlords can lower payment delinquencies by 36%, while Tenants have reported bumps of more than 40 points in their credit score in a matter of months.

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