Better Credit Scores with Rental Credit Reporting

Описание: Sperlonga Data & Analytics

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In today’s world, your credit score can have a big impact on your life. With a better score you qualify for the best credit card deals, are more competitive when seeking housing, you get better car insurance rates, are approved for utility services and it can even help you land that dream job. So what can you do to improve your credit score? If you are one of the 43 million in the US who rent, you probably aren’t yet benefiting from rental credit reporting.

Rental credit reporting helps renters increase their credit score in a couple of ways.
First, credit reporting rental payments adds another account to your credit file which can actually improve your credit score. More accounts on your credit file gives a better picture of your credit worthiness and helps lenders feel more comfortable about extending loans.

Second, rental credit reporting a positive payment history can really boost a credit score. Scores are made up of 5 primary factors: payment history, credit utilization, length of history, mix of credit types and recent applications. Reporting rental payments benefits the top 4 factors of a credit score. It shows a positive payment history, staying within your total lease agreement amount, more time having an account, as well as having an additional account in your credit file.


Rental credit reporting has to be done by a property management company or landlord. Tenants can’t self report their good rental history. Thankfully, Sperlonga makes rental credit reporting easy. Property management companies simply turn on their connection to Sperlonga in their management software and then credit reporting can start. So if your property management company or landlord isn’t currently reporting your positive rental payment history, ask them to connect with Sperlonga so you can get the boost to your credit score that you deserve.