How can owning a home with owner financing show up so that it improves your credit score

[Anonymous]

I found a great deal on a condo and then found out that the owner may be interested in financing the deal if I put 20% down. I hear that owning a property and making timely payments really helps your score...but if you are paying an individual how will they credit world reward your timely payments?

[ShanetheMortgageMan]

You usually need a minimum of 100 active accounts to report to the credit bureaus, and it costs money, something that a single individual would find incredibly costly.  However http://www.rentreporters.com/ reports rent, so they just may be interested in reporting owner financing payments.  Last I heard (months ago) they weren't, but they may have changed their policy... or if enough people ask them about it maybe they'll start doing it.  It's worth a phone call/email.