With Rent Reporting an account may be reflected as closed on a credit report during a lease renewal or due to a lack of rental payments occurring.
- Lease Renewal
When a lease has been renewed the account for the prior lease will be closed and a new account will be opened for the new lease. In addition, when the prior lease account was closed, it will be reported as an obligation satisfied. - Lack of Rental Payments
Esusu does not report negative payment data to the credit bureaus. Therefore, if you miss a rental payment this missed payment will not be reported. After three months of consecutive non-payment, you will no longer be enrolled in Esusu rent reporting program and your account will be closed.