Rent reporting allows tenants to have their on-time rent payments recorded with major credit bureaus like Experian, TransUnion, and Equifax. Just like credit card or loan payments, consistent, on-time rent payments can help build a stronger credit history. But unlike credit card and loan payments, rent payments are not automatically included in your credit history unless you or your landlord start reporting. 

Yes! For tenants with little to no credit history, rent reporting can help establish credit. For those with existing credit, on-time rent payments can strengthen their score over time. It can increase However, the exact impact depends on individual credit history and other financial factors. 

In most cases, only on-time rent payments are reported. However, tenants should always check their lease agreements or ask property managers if late payments are included in reporting.

No, participation in rent reporting is completely optional under California Assembly Bill AB2747 which went into effect April 1, 2025. Tenants have the right to opt in or opt out at any time. But it is highly encouraged to start reporting your rent payments to build your credit.

While AB2747 allows landlords and property managers to charge each tenant up to $10 per month for reporting rent payments, LBPM only charges $7.50 per month to each tenant participating in AB2747.

The payment reporting to the credit bureaus is only for tenants who are on the lease as Financially Responsible.   Each one of those Financially Responsible tenants will have the option to have the positive payments reported to their own credit record with the credit bureaus.   Additional occupants or guarantors are NOT able to participate in the program at this time.