Positive Rent Payment FAQs

What is positive rent payment reporting?
Positive rent payment reporting is the submission of renters’ monthly on-time payment to the credit bureaus (Equifax, Experian, and TransUnion) for inclusion in the calculation of a consumer’s credit report. This will also factor into the calculation of a consumer’s credit score.

Why is Fannie Mae doing this?
Rent payment reporting has been identified as a tool to support renters and create opportunities to achieve financial goals.

What do rent payment reporting companies do?
These companies provide the technology capabilities to report positive rental payments to credit bureaus. Depending on the platform, companies may provide services such as:

• Offering emergency rent loans at 0% interest.
• Providing budgeting solutions to help renters stay current.
• Reporting up to 24 months of previous on-time payments.

How are vendor costs covered during the pilot?
Fannie Mae works directly with the vendor to pay for one-year of services. No action is needed by the property owner once they've contracted with their selected vendor.