Making Rent Count

When Jason W. rented his home in the Atlanta area, a couple of things stood out to him right away.

“I love the opportunity to feel like a homeowner but also have the convenience of a property manager,” he shared. “I also love that Progress reports our monthly payments to the credit bureaus so we can build credit.”

For many renters, monthly housing payments are their largest financial responsibility. But historically, rent payments have done little to help people build credit, even when payments are made consistently and on time. That can make it harder for households to qualify for loans, secure competitive interest rates or prepare for future goals like homeownership.

To help address that gap, Progress Residential reports on-time rent payments to the major credit bureaus. Missed or late payments are not reported.

“Positive rent reporting is a free service we offer every resident,” said Dave Feldman, CEO of Progress Residential. “As residents make timely payments month by month, they can positively affect their overall credit profile.”

For many residents, those changes can create greater financial flexibility and opportunity over time.

“Thousands of residents have applied for and received approval for home loans,” said Nikki Sloup, Senior Vice President of Brand Communications and PR for Progress. “Others have been approved for student loans, auto loans and credit cards. Access to those financial tools can play an important role in helping people build toward the future they want.”

For residents like Jason, it’s a reminder that something as routine as paying rent can also help support what comes next.