Question: How do I get setup to report rent payments to the credit beareaus? I am a landlord and I would like to report good payment history on my tenants.

Answer: Nice thought, but no go.  You are not extending credit to the tenants.  Nor do you want to go through the disclosure process necessary for reporting each account.\n\nThis is really a can of worms, and like they say no good deed goes unpunished.  If you were not properly disclosed, the penalties could be rather severe... see link for the FTC/Fair Credit reporting.\n\nEven if you were reporting good activity, your reporting would affect other creditors determination of whether to extend/reject an applicant for credit.\n\nYou'd be able to report judgements, but this would appear in the public records section of a credit report anyway. Also, you'd be able to report collections if you were set up as a collection agency.\n\nGood idea, just not worth it.
This question from the Yahoo Q&A forum is categorized in the topic: Family & Relationships