--- title: The Money Mistake That 48% of Renters Make description: They assume their on-time payments will help boost their credit score, according to a new TransUnion survey. authors: - name: Amanda Gengler url: https://money.com/author/amanda-gengler-2/ at_money_since: 2012 articles: 33 covers: - Credit - Career Advice - Housing - Insurance - Mortgages - Shopping - Technology social: - https://x.com/GenglerA former_staff: true published: '2014-10-22T14:13:33.000Z' modified: '2024-04-16T04:34:35.000Z' section: Credit tags: - cable fees - cellphone bills - credit report - credit score - rental payments - Rentals word_count: 344 canonical: https://money.com/rent-payments-credit-report/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![List of bills to pay, with "paid" written in red on top](https://img.money.com/2014/10/141021_rea_rentersshouldknow.jpg) Most Americans know that a good credit score can open the door to lower cost loans for big adult milestones, such as buying a home or car. Yet it turns out that many renters are misinformed about what goes into that somewhat mysterious three-digit number: Nearly half of renters ages 18 to 64 think rental payments to their landlords are automatically reported to the credit bureaus, according to survey results released last week by [TransUnion](http://www.transunion.com/), one of the nation’s three major credit reporting agencies. The survey also revealed that more than half of renters believe payments for cable and internet, utility and cellphone bills are regularly reported to the bureaus. Credit agency firms [TransUnion](https://www.mysmartmove.com/) and Experian did [recently](http://www.latimes.com/business/realestate/la-fi-harney-20140810-story.html) start allowing rental payments to be collected and factored into credit reports. But in practice, most landlords do not yet share with the data collectors that you're paying on time each month, says Ken Chaplin, senior vice president of TransUnion's consumer division. Cable, internet, utility and cell providers also typically do not, he says. Even if your landlord or service firm is one of the few that does report, the payments [may not be included](http://www.nytimes.com/2014/02/04/your-money/paying-the-rent-on-time-can-enhance-your-credit-report.html?_r=0) in the most common credit score lenders use, called the FICO score. So if you were counting on your on-time monthly rent checks to help you build your credit score, you're out of luck. Keep in mind that although being conscientious on paying your rent and utilities won't help you, your *failure* to make a payment can hurt you. Some landlords and utility companies do report delinquent customers—not to mention the fact that your accounts could end up in collections. So this isn’t an excuse to stop paying these bills. Instead it should serve as a wake up call that you may need to work in other ways to improve your credit score, such as paying car loans, student loans and credit card bills on time each month. Related: [What is a credit report and when is it used? ](https://money.com/what-is-a-credit-report-and-when-is-it-used/)How is my credit score calculated and how can I improve it? ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/rent-payments-credit-report/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Credit", "item": "https://money.com/credit/" }, { "@type": "ListItem", "position": 3, "name": "Credit Report", "item": "https://money.com/credit-report/" }, { "@type": "ListItem", "position": 4, "name": "The Money Mistake That 48% of Renters Make" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/rent-payments-credit-report/#webpage", "url": "https://money.com/rent-payments-credit-report/", "name": "The Money Mistake That 48% of Renters Make", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2014-10-22T14:13:33.000Z", "mainEntity": { "@id": "https://money.com/rent-payments-credit-report/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/rent-payments-credit-report/#breadcrumb" }, "dateModified": "2024-04-16T04:34:35.000Z" }, { "@type": "Article", "headline": "The Money Mistake That 48% of Renters Make", "articleSection": "Credit", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2014/10/141021_rea_rentersshouldknow.jpg", "width": 5184, "height": 3456, "caption": "141021_REA_RentersShouldKnow" } ], "author": [ { "@type": "Person", "name": "Amanda Gengler", "url": "https://money.com/author/amanda-gengler-2/", "@id": "https://money.com/author/amanda-gengler-2/#author", "image": "https://img.money.com/2014/05/14-05-21_bio_author_genglar.jpg?quality=85&w=190&h=190&crop=1", "email": "agengler@moneymail.com", "sameAs": [ "https://x.com/GenglerA" ] } ], "publisher": "https://money.com/#organization", "datePublished": "2014-10-22T14:13:33.000Z", "description": "They assume their on-time payments will help boost their credit score, according to a new TransUnion survey.", "abstract": "They assume their on-time payments will help boost their credit score, according to a new TransUnion survey.", "@id": "https://money.com/rent-payments-credit-report/", "inLanguage": "en-US", "dateModified": "2024-04-16T04:34:35.000Z", "wordCount": 344, "keywords": [ "cable fees", "cellphone bills", "credit report", "credit score", "rental payments", "Rentals" ], "about": [ { "@type": "Thing", "name": "Credit Score", "sameAs": [ "https://en.wikipedia.org/wiki/Credit_score" ] }, { "@type": "Thing", "name": "Credit history", "sameAs": [ "https://en.wikipedia.org/wiki/Credit_history" ] } ] } ] } ```