The credit reporting agency Experian has updated its Experian Connect API platform with the addition of RentBureau Consumer Profile, which will allow consumers’ rent history and payment behavior to be factored into their credit scoring.
The Costa Mesa, California-based company added this enhancement will also eliminate the need for landlords and property managers to manually verify an applicant’s rental history, creating a more time-effective approach to applicant reviews and approval.
“Today’s renters face steep competition and rising costs — they need every opportunity at their disposal to stand out during the application process,” said Manjit Sohal, vice president of product management for Experian Housing. “With our Experian Connect API platform and our new RentBureau Consumer Profile integration, we’re helping renters take control of their housing journey by enabling them to leverage their positive rental histories, while providing landlords and property managers with a fuller picture in real time.”
