apartments in Beaufort, SC, we report our resident’s positive rental payment history to Experian in order to help build your credit. By having positive rental payments added to your credit report,
you can establish or improve your credit score since rental payments are such a big part of your monthly expenses.
At Ashton Pointe, and at all of our HHHunt apartment homes, we believe that renters should get credit for paying their rent on time. That’s why we’ve partnered with Experian RentBureau to include positive rental payments data in Experian credit reports.
In the past only negative rental payment data such as evictions and collections were reported to consumer reporting agencies. Therefore, your on-time rental payments were never included in credit reports, unlike credit card, mortgage or car payments that helps raise credit scores when paid on time.
The addition of positive rental payments data in Experian credit reports can be a tremendous benefit to anyone who rents.
At Ashton Pointe Apartments, we recognize the value of having a positive renal payment history, and we want to provide our residents with this unique opportunity to get credit for their on-time rental payments.
Here are answers to some common questions:
What type of rental payment information is on my Experian credit report?
Only positive rental payment history has been added to your Experian credit report. If available, the 25 most recent months of rental payment history information will be displayed. Negative rental payments such as a collection account, is already reported to credit reporting companies through collection agencies.
Will my rental payments affect my credit score?
Your rental payment information will be included as part of your standard credit report and may be incorporated in certain credit scores.
Can I improve my credit by paying my rent on time?
Yes. The inclusion of positive rental payments history within Experian credit reports allows you to establish or rebuild your credit through timely rental payments. Better credit means qualifying for credit products you deserve.
Why does my apartment lease appear as an installment loan?
Your apartment lease is considered installment credit, similar to an auto loan, which consists of paying regular installments of a fixed amount over a set period of time, usually measured in months or years.
For more information on renting an HHHunt apartment home in Beaufort, contact Ashton Pointe.