Luis Alvarez | Digitalvision | Getty ImagesWhile rent payments do not traditionally affect your credit, a growing number of so-called rent-reporting services are trying to change that.
But these services don't all operate the same way, and some may have less value for renters.
There are also services geared to landlords that offer rent reporting for tenants, including ClearNow, Esusu and PayYourRent.
Landlords usually shoulder the cost of these programs, but there may be processing fees depending on how you make your rent payments.
When rent payments are included in credit reports, consumers see an average increase of nearly 60 points to their credit score, according to a 2021 TransUnion report.
Persons:
Luis Alvarez, —, Matt Schulz, Michael Sherman, Schulz
Organizations:
Digitalvision, Finance, Zillow, Zillow Group