DebtFact: someday you’ll need and want bigger things in life for as little money as possible, whether that’s upgrading to a condo or a car that’s completely you. You’ll need positive information in your credit files and a good credit score for that! The bad news: if you have little to no credit, there likely won’t be enough information in your credit reports for potential lenders to use, or for which a credit score can be generated for favorable financing.

Now the good news. Establishing good credit no longer has to follow the traditional process of applying for a credit card, making a charge (or two or three) and paying it off to show potential lenders you can responsibly manage debt. If you’re not yet sure you’re disciplined enough to handle credit cards, the traditional process is probably not a good look anyway.

Fortunately, there’s a better way to establish good credit that doesn’t involve applying for credit cards at all. Thanks to Experian’s 2010 acquisition of RentBureau, a specialty credit reporting agency that focuses on rent, your on-time rental payment information can now be added to your Experian credit file to help you start building the credit you need. And there are 3 agencies to help you get started safely and securely.

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  • omfg

    “thanks to experian’s 2013 acquisition of rent bureau…”

    is this a sponsored post?

    these agencies should get no thanks for anything. it’s just one more scheme to wrap u into the game. no doubt it’s part of their plan to get rent to be in your overall file. they want landlords to be able to report. this gives people more opportunities to screw u over.

    these people are not here to do favors. read up on this yourself. credit agencies are the ones who’ve set up this system and people should be weary of their products. basically, they r not trying to help u.

    • Not at all. We list/tag when post are sponsored. Thanks!

  • Denver

    If you are wealthy and/or can afford to pay for everything with cash, you won’t need credit.


    I agree on the cash statement,save and pay cash for as much as possible. You will feel better in the end…or finance for as short as time as possible.

  • Me

    how do they handle disputes on what your landlord posts? like if you break your lease b/c your landlord was a slumlord do you get to put that in your file or is is just your landlord that gets to report or is it just “paid/didn’t pay”? i feel like i would rather if they were reporting my cell phone bill or my lights or something b/c at least when you get into it w/the phone company you can always ask for a supervisor to fix your account before things go sour but if you dealing with a shady landlord you don’t have no other options. plus this seem like a lot more work for the renter but if it was those other bills those companies already set up to automatically report every month instead of me logging in & doing it every month. and then the other thing is i’m tired of everybody trying to track every thing i do in life. so now they one step closer to knowing everything about you from where you live to where you spend every single penny that you make. when i get to a better place w/my finances i think i’m gonna try to do everything in cash as much as possible. i might be paranoid but i feel like if they know how much i got to spend they’ll try to use it against me to keep me from ever having a whole lot of money cuz the system is rigged. ijs