Once you have reported rent we report this soon after. The first payment takes around eight weeks to appear on the free statutory reports from Experian, Equifax and TransUnion and will appear monthly thereafter. In the same way that homeowners see their mortgage payments recorded on their credit report, your rental payment data will be recorded in a similar way.

With an average of 39% of income being spent on rent (English Housing Survey), signing up to CreditLadder is the only way to get your rent payments to appear on the credit files of all 3 Credit Reference Agencies.