Case Study: Freddie Mac helps renters build credit with Esusu

How Freddie Mac helped renters establish over 27,000 credit scores with the help of Esusu

Freddie Mac, one of the largest lenders for multifamily buildings in the United States, launched its Credit Building Initiative to address a major challenge: most of the nation’s 44 million renting households were not having on-time rent payments reported to the major credit bureaus. Freddie Mac partnered with Esusu to make rent reporting more accessible for low- and moderate-income renters and help them build credit.

With Esusu’s rent reporting solution, Freddie Mac expanded credit-building opportunities through rent reporting and financial education tools such as Esusu’s Renters Marketplace and Freddie Mac’s CreditSmart Essentials. The initiative helped establish more than 27,000 new credit scores, enabled 184,000+ units to report rent, led to 16,900+ renters receiving a car loan, and contributed to 102,000+ renters opening new lines of credit with an average credit score increase of 46 points.

Freddie Mac