On-time rent payments pay off
Rent is the largest recurring expense that most households pay. Fannie Mae's no-cost, Positive Rent Payment pilot helps renters build credit by enabling owner-operators to report on-time rent payment to credit bureaus.
Reporting rent payments can help property owners by reducing tenant turnover and lowering eviction rates.
Better credit empowers renters
Reporting on-time payments to credit bureaus can provide financial benefits to renters, including underserved populations.
Financial health creates opportunity
Establishing a credit score is a step to building a financial profile for the credit-invisible.
Early data shows a trajectory toward better financial health for many renters