What Is Experian RentBureau? - Experian (2024)

FAQs

What Is Experian RentBureau? - Experian? ›

Experian^® RentBureau^® is the largest and most widely used rental payment database. We provide data detailing rental payment history on prospective residents so you can confidently approve more applicants, faster.

Experian RentBureau is the largest and most widely used database of rental payment information and currently includes information on more than 26 million residents nationwide.

Report a discrepancy: Experian wants your RentBureau Consumer Profile to be as accurate as possible. If you've reviewed your rental history and found an error, fill out and submit the form or call 1 877 704 4519.

That's especially true in a competitive rental market, where higher-rent apartments may demand a higher credit score. FICO^® Scores range from 300 to 850, and a FICO^® Score above 670 indicates good credit. However, a FICO^® Score below 670 doesn't necessarily mean a landlord will reject your rental application outright.

Experian's service can support a number of industries — perhaps you are a landlord evaluating a prospective tenant or a doctor who needs to setup a payment schedule.

While credit scores are an indicator of a potential tenant's ability to pay off a loan, a ResidentScore looks more closely at a tenant's behavior, by analyzing their potential rental performance.

Landlords typically look for a credit score of 620 or higher. A higher credit score may increase your chances of getting approved and may result in better rental terms. Other factors like income, rental history, and employment stability also play a role in the approval process.

Look into an eviction expungement in your county. By proving that you've since paid the debt or that the eviction was unfairly brought against you, you stand a good chance of having the request granted. The reporting company will then be required to remove the information via the FCRA.

Reporting your rent payments can help you build credit, but if improving your credit score is your priority, there are other methods you can use, including: Using your credit card to pay rent. If your landlord offers the option, consider paying your rent with a credit card.

Which credit scores do landlords use? ›

Most landlords partner with one of the three major U.S. credit bureaus: TransUnion, Experian, or Equifax. These background checks will actually reveal much more about a prospective tenant than just their credit score; the goal is to discover any suspicious financial activity in the applicant's background.

SafeRent Score – Our proprietary SafeRent Score helps identify tenants more likely to pay rent on time and stay for longer periods of time.

Q: What credit score will get you denied for an apartment? A: Scores significantly below 600 often lead to rental application denials. However, the threshold can vary based on the landlord and apartment type.

Evictions are public records, but they don't appear on your credit reports. The only public records that are part of your credit reports are bankruptcy filings.

Experian^® RentBureau. Are you a consumer interested in requesting a copy of your rental history report or filing a dispute? Click here or call 1 877 704 4519 for rental history assistance.

We believe that our residents should get credit for managing the payments for the place they call home. That's why we're working with Experian RentBureau to include positive rental payment data in Experian credit reports. You pay your rent on time every month.

It's unlikely that your rent payment history appears on your credit reports, but that's not because paying your rent on time isn't important. More likely than not, it's simply because your landlord doesn't report your rent payments to the credit bureaus (Experian, TransUnion and Equifax).

That's because your credit report can reveal if you have a history of paying your debts on time and how much debt you carry. While it may not speak to your past rent payment directly, this information can help a landlord assess the likelihood that you can afford rent and make timely payments.

Through RentTrack, property managers can help their renters to build credit with rent payments. On average, residents who report their data with RentTrack see their credit scores increase by an average of 29 points after just two months of rent reporting.