Experian PLC said Thursday that it has purchased RentBureau, a credit bureau that tracks rent payments, from DSI Holdings LLC.
RentBureau, of Atlanta, maintains a database of apartment rental payments, populated with data it receives daily from property management software that apartment owners and managers use.
Experian said this data would help it assess consumers who have thin credit histories. "We recognize the value that this information being on file brings to non-credit-active, cash-based consumers, and we intend to leverage Experian's brand and scale to grow this area of our business quickly," Steven Wagner, president of consumer information services, said in a press release.
