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Hello fico forum people! . I have a quick question. The papartments where I rent recently started offering a service to report rental payments to experian and transunion.
https://allhttps://alliance.resident-link.com/?src=eblastiance.resident-link.com/?src=eblast
Is there any advantage in doing this? Will it actually help my credit score. I am currently mid 770's to upper 780's on all my scores. Would love to hear what you guys think. Thanks!
When reported, the account will be included in your average age of accounts calculation.
Is your average age of accounts currently longer than the age of the account?
@Anonymous wrote:Hello fico forum people! . I have a quick question. The papartments where I rent recently started offering a service to report rental payments to experian and transunion.
https://allhttps://alliance.resident-link.com/?src=eblastiance.resident-link.com/?src=eblast
Is there any advantage in doing this? Will it actually help my credit score. I am currently mid 770's to upper 780's on all my scores. Would love to hear what you guys think. Thanks!
For someone like you who already has good FICO scores I wouldn't mess around with it. I think it's more for people trying to establish credit.
It worked for me! I had them do a full year of reporting my rent and my score went up 132 points with TU. I used Rental Kharma.
....it also informs others that you are not a homeowner, and thus infers lack of any real property assets.
@RobertEG wrote:When reported, the account will be included in your average age of accounts calculation.
Is your average age of accounts currently longer than the age of the account?
Sorry for the late reply. The rental account is older than my AAOA by about 4 years. If reported would it show the original date it was opened, or the date they start reporting?