desire to help residents build credit
“TransUnion’s rent payment reporting solution is impacting people’s lives in a positive way. Residents who report their rent payments to TransUnion are going from credit invisible to being able to get loans for automobiles or mortgages. It’s finally making someone who is renting an apartment more like someone who has an established mortgage.”
Jim Rowley, Head of RentPlus at Rent Dynamics
Quick Facts
(based on previous surveys)
81%
of all renters said they would be more likely to pay rent on time if their payments were reported
58%
of renters are more likely to rent from someone who reports rent payments
80%
of those who had their rent payments reported said their credit scores at least somewhat increased
86%
52%
35%
desire to help residents build credit
encourage residents to pay rent on time
attract residents who are financially responsible