According to a New York Times article on January 5, borrowers who have a history of paying rent on time may see an increase in their credit score. Last year Experian, one of the large credit reporting companies, added a section to its credit reports to reflect on-time rental payments. These on-time payments help increase credit scores for some on-time rent payers. CoreLogic and FICO, two other large credit reporting companies, recently added a similar section to their reports. In a summary of the article provided to me by FloridaRealtors, it stated that nearly half of high-risk consumers saw an increase of 100 points or more after their rental history was added to their credit report. This change also helps former homeowners who went through a foreclosure. They may be able to rebuild their credit scores quicker by showing that they are responsible renters.