Renters Left Behind: $5.3 Trillion in Untapped Credit Potential as only 20% of Landlords Report Rent Payments
NEW YORK – June 11, 2025 – A staggering $1.4 trillion is paid annually to landlords across America, yet a critical gap in the financial system leaves millions struggling to build credit history. only 20% of landlords currently report rent payments to credit bureaus, hindering the financial progress of renters and contributing to a growing problem of “credit invisibility” [[source not numbered, within article]].
This lack of reporting impacts over 50 million Americans who currently lack a credit history with Experian, Equifax, and TransUnion, limiting their access to loans, cars, homes, and other essential financial products. According to Wemimo Abbey, CEO and co-founder of Esusu, “We’re leaving over $5.3 trillion on the table, we’ve got to do better.” [[source not numbered, within article]]
The Rise of Rent reporting Services
Companies like esusu, recently named to the 2025 CNBC Disruptor 50 list [[source not numbered, within article]], are working to bridge this gap. Esusu partners with 75% of the largest rental companies and now offers a direct line for renters to report payments, democratizing access to credit building. They have established partnerships with major financial institutions like Goldman Sachs,Fannie Mae,and Freddie Mac,and also housing organizations like Mercy Housing and Cushman & Wakefield,to expand rent reporting nationwide
