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Can I improve my credit score by paying rent on time?

Does paying rent on time give you a better credit score for future loans?
2 minute read

In most cases, no. A clean rental history does not help to improve your credit score. However, providing evidence of a good rental history makes the perfect reference when you apply for a home loan in future.

A bank may ask you to provide a copy of your rental ledger to support any loan application, and, in some cases, a reference from a current or former property manager.

Build your status and your future with RentPay

Do you feel like you’re not getting enough credit for being an awesome tenant?

With RentPay Scorebuilder, your repayment history contributes to your credit score. This may help improve your borrowing capacity for life's bigger purchases, like a car or a property of your own.

What is RentPay ScoreBuilder?

Scorebuilder is a unique RentPay feature. With Scorebuilder, you may build your credit score and access up to one week's rent.

You might also like:
> No ledger? No worries! 5 ways to boost your financial cred with a landlord
> The 30% rule: How much can I afford to spend on rent?
> When more is more: Should I offer more rent to get the property?

Each month that you have the Scorebuilder feature active, we report your account status to one of Australia's largest credit reporting bodies.

If you're eligible for the Scorebuilder line of credit, funds will be paid into your RentPay wallet, then used to make your scheduled rental payments on your behalf. You then repay it back over the next 4 fortnights. You must be opted in to Scorebuilder for 30 days before you can access this line of credit.

If you're maintaining a good account status, reporting that to the credit reporting body over time may have a positive impact on your credit score.


RentPay Technology Pty Ltd ACN 636 254 709 is an Authorised Representative (ARN: 001286725) of Flexewallet Pty Ltd – Australian Financial Services License number: 448066.

We are also an authorised credit representative (CRN: 534915) of One Card Credit Pty Ltd – Australian Credit License number: 390376.

For more details on the product, please refer to the Product Disclosure Statement (PDS), User Agreement and FAQs.

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©RentPay 2022
©RentPay 2022. RentPay Technology Pty Ltd ACN 636 254 709 is an Authorised Representative (ARN: 001286725) of Flexewallet Pty Ltd - Australian Financial Services License number: 448066.

We are also an authorised credit representative (CRN: 534915) of One Card Credit Pty Ltd - Australian Credit License number: 390376
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