Apartment reporting to Ex

[Anonymous]

Apologies if this has been covered, I couldnt find any recent threads.

I am doing work in another state. For me, it made sense to take a lease over extended stay.

I knew I would take an inquiry for the app but the apt is reporting and updating to Ex each month.

Is this normal? It does impact my AAoA but a 6 month lease with perfect payments will show for years.

[Anonymous]

First time I've ever heard of an apartment reporting payment history. Seems strange.

[StartingOver10]

Yes, Experian has been offering this product. I think it is new within the last year or so, but I am not sure of the date they started reporting.  From what I have read, It is supposed to help the unbanked and others get credit scores by reporting the rent payments so they can eventually qualify for credit and/or a mortgage.

http://www.experian.com/rentbureau/rental-history.html

http://www.experian.com/rentbureau/renter-credit.html

http://www.experian.com/blogs/ask-experian/2013/07/31/reporting-positive-rent-payments-can-help-your...

[bdhu2001]

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@Anonymous wrote:

First time I've ever heard of an apartment reporting payment history. Seems strange.

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It's strange, but it makes sense.  They can report your failure to pay cleaning or whatever you were unaware of, as a collection.  It's good that your positive payments should also have an impact.  It'll take a while, but as long as you're never over 30 days late it'll help quite a few renters.