Jump to content

Landlord Reporting Rent to Credit Bureaus


Determined1
 Share

Recommended Posts

My landlord, a large national real estate company, recently began reporting my rent to the credit bureaus. While at first I thought this could be a positive, since I always pay on time, my credit scores dropped - I think because the average age of my accounts dropped.

Do landlords / property managers have the right to report rent to the credit bureaus? If I want the reporting removed what would you suggest?

Thank you.

Link to comment
Share on other sites

39 minutes ago, Determined1 said:

My landlord, a large national real estate company, recently began reporting my rent to the credit bureaus. While at first I thought this could be a positive, since I always pay on time, my credit scores dropped - I think because the average age of my accounts dropped.

Do landlords / property managers have the right to report rent to the credit bureaus? If I want the reporting removed what would you suggest?

Thank you.

It’s allowed to be reported.  Check out this article.

https://money.usnews.com/credit-cards/articles/how-can-you-get-credit-for-paying-rent

  • Like 1
Link to comment
Share on other sites

15 hours ago, Determined1 said:

My landlord, a large national real estate company, recently began reporting my rent to the credit bureaus. While at first I thought this could be a positive, since I always pay on time, my credit scores dropped - I think because the average age of my accounts dropped.

Do landlords / property managers have the right to report rent to the credit bureaus? If I want the reporting removed what would you suggest?

Thank you.

They are allowed to report it, but if you have been a long time tenant you need to verify what they list as the "opening date" for your tenancy - if they are reporting it as when they started reporting and not when you took tenancy, that would certainly reduce your AAOA and therefore reduce your scores. It would also be a FCRA violation.

  • Like 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.