Recently, the information services company Experian most popularly known for their credit reporting agency, announced that it will be including rental data in the credit filings to be included in their score evaluations. With nearly 96 million renters in the US, reporting rental payments will be huge opportunity to improve and build credit for millions of college students, low credit or unbanked populations.

While this will also be a big opportunity to improve credit ratings it can also have the reverse effect. Hence, it has never been more important to pay rent on time. But not to worry, with companies like RentPayment, on time payments are easy. Renters should take advantage of AutoPay payments, where you can set the recurring transaction in advance. Or utilize rental reminder emails or text messages.

For more information on the credit reporting of renter data click here.