Having your rent payment history on your credit report can be a great way to build credit, establish a solid record of payment history and add a new account without having to apply for a line of credit.
What happens if you have late rent payments?
In credit reporting, everything revolves around payments being 30/60/90 days late. If you were ever 10 days late or even 20 days late on rent, you are still good to use Rental Kharma to help you build credit.
If you were more than 30 days late then we are not likely to help you and your score.
Does Rental Kharma report late payments?
If you end up having months where rent was paid over 30 days late, we are required to report that information as well.
If you have any further questions call us at 720-307-1466.