For the first time, mortgage lenders and other creditors will have access to a consumer's rental payment history, thanks to Experian. Experian acquired RentBureau last year and is now able to take the data from that bureau and put it into consumers' credit files.
RentBureau has created technolgy that interfaces with property management software and allows this data to be extracted.
Currently, one-third of the American population are renters, a number that is growing. Many of these people are not being scored fully because of their thin credit files.
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