Zillow (NASDAQ: Z, ZG) has partnered with Esusu, a rent reporting platform, in an endeavor that will allow renters to have their on-time rent payments reported to all major credit bureaus for $20 per year.
Starting in November, renters can sign up for rent reporting directly through Zillow to start having their payments reported each month. The companies expect to reach millions of renters eager to improve their credit standing.
“Paying rent is often a renter’s biggest and most consistent monthly expense. It makes sense that this payment should help build their credit.” said Michael Sherman, senior vice president of Zillow Rentals. “By expanding rent reporting, we’re helping more renters build their credit history and take control of their financial future while reinforcing Zillow’s role as a trusted partner throughout their housing journey.”
