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For years, renters who got behind on their housing payments could do so without worrying about the impact that a late payment would have on their credit rating.

Next year that’s going to change.

One of the big three credit bureaus, Experian, recently began collecting data about consumer rental payments and including that data in its credit reports.

For 2011, Experian is only reporting positive rental payment information about consumers. But starting in 2012, Experian will also keep tabs on and report negative information too, such as late rent payments.

“Given that one-third of the U.S. population rents, we felt it was imperative to reflect the true creditworthiness of those individuals who responsibly pay their rent,” Brannan Johnston, vice president and managing director, Experian RentBureau, said in a statement.

RentBureau is the largest and most widely used credit bureau for the multifamily industry. A national network of 45 property companies – including large apartment owners and managers – collect data about rental payments and, in turn, automatically report that payment history to RentBureau every 24 hours.

Experian acquired RentBureau in 2010.

Although Experian has become the first credit bureau to make rental payment info a part of its data, my guess is it won’t be the last.

Read the rest of Lynnette’s article, Credit Bureau Starts Tracking Rent Payments: Good News or Bad News? on WalletPop

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