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Home rental payments worth seeking out on Credit Report???

The last post in this topic was posted 836 days ago. 

 

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Hello,

 

I have looked at this over the years; now it seems more organized with the CRA's reporting the rental history payments.  Is it worth it???  I understand there are company's that charge a fee to process the information.  My 3 credit scores are now in the 611-620 range/Fico 8 version.  Withstanding the fees, has anyone found this worth it with the increase in credit scores???  Anyone in here have their rental history payments reporting on their credit reports???

 

Having the ability to get 2 years worth of rental payments on my credit report, this I am hoping would help.  Then there is the question of utilization and how it plays a part in that section.  Another area of some concern is which versions of credit scores factor this subject into the algorithms.

 

Thanks!!!

 

 

 

 

 

 

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Few individual landlords are going to want to mess with the hassles that come with reporting.  It places a larger burden on them. 

 

You are going to be FAR better served to work on the issues that have contributed to your score being in the low 600's...plenty of people are in the upper-700's and low-800's without any manner of housing payment being on their reports. 

 

And from a standpoint of the consumer, putting personal financial data in the hands of yet another third-party with weak security is simply not a smart move. 

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I haven't read anywhere that FICO even scores apartmental rental trade lines.  

 

On a credit application if you indicate that you rent and provide an address I think the potential creditor will assume that you haven't been evicted, and therefore you must be paying your rent.

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