Zillow (NASDAQ: Z, ZG) has partnered with Esusu to introduce CreditClimb, a credit-building tool that enables renters to have their on-time rent payments automatically reported to the three major credit bureaus.
Enrollment in the CreditClimb service costs $20 per year, and the tool also lets renters track their credit score and add up to two years of past rent payments to their report, helping them build credit faster.
“Renters have more options when they have paths to establish and strengthen their credit,” said Michael Sherman, senior vice president of Zillow Rentals. “That can mean qualifying for better financing, securing their next rental or moving confidently toward homeownership. With CreditClimb, renters can use the rental payments they already make to build credit and strengthen their financial future.”
