Once your first rent payment has been read it will take approximately 8 weeks for this to appear on your report;
Free Experian Statutory Credit Report. This is the free report available here, www.experian.co.uk/consumer/statutory-report.html. Further payments read and reported to Experian will appear monthly thereafter.
You can see an example of how rent payments will be recorded below:
Source: Experian
Free Equifax Statutory Report. This is the free report available here, www.equifax.co.uk/Products/credit/statutory-report.html. Further payments read and reported to Equifax will appear monthly thereafter.
You can see an example of how rent payments will be recorded below:
Source: Equifax
Read more: www.which.co.uk/news/2018/10/experian-credit-reports-to-include-rent-payments-for-the-first-time/ - Which?
Free TransUnion Statutory Report. This is the free report available here, www.transunion.co.uk/consumer/get-your-credit-report. Further payments read and reported to TransUnion will appear monthly thereafter.
You can see an example of how rent payments will be recorded below. It would display "Property Rental" as opposed to "Other accounts":
Source: TransUnion
Credit score
Equifax and TransUnion are including rental data in their consumer credit score.
Your rental payment history will be available to credit providers to help them make more informed lending decisions.
It will take time for Experian to create a robust Experian Credit Score based on rental data.