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How Rent Reporting to Credit Bureaus Works

Nomad helps renters build their credit history by reporting on-time rent payments to major credit bureaus. We only report positive payment activity — never missed or late rent. This means reporting can only help, not hurt, your tenants’ credit.

How Rent Reporting Works

When Nomad reports rent to the credit bureaus, we create a rental tradeline — similar to a loan or utility account that reflects payment history.

Here’s what that means:

  • Only on-time payments are reported.

  • Late or missed payments are never shared with the credit bureaus.

  • The tradeline typically appears under the reporting service’s name.

  • Each month, a new “on-time payment” entry is added, building the renter’s credit history over time.

Because we report only positive data, rent reporting through Nomad can only improve or support a renter’s credit score — never lower it.

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What Happens When a Tenant Moves Out

When a renter moves out or their lease ends, the rent tradeline is marked as closed or paid as agreed.

  • The account is simply no longer active — it stops updating monthly.

  • The full history of on-time payments remains on the renter’s credit report.

  • This does not negatively affect their credit.

Just like paying off a loan, a closed tradeline in good standing shows financial responsibility and can help long-term credit strength.

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How Rent Reporting Helps Tenants

Nomad’s rent reporting gives renters a simple way to build credit without taking on new debt.

Benefits include:

  • A longer credit history with consistent positive payment data.

  • Better credit opportunities (credit cards, car loans, and mortgages).

  • No risk of negative reporting — since we only share verified on-time rent payments.