Credit reports are compilations of information assembled by credit reporting bureaus about your lending history. Any trade line, including a line of credit or a loan, can appear on your credit report. Many leases involve the extension of some form of credit to you. While these leases may appear on your credit report, in many cases they will not, for a variety of reasons.
Credit Reports
Your credit report includes only information that pertains to your access to credit, debt load, and record of paying back loans. While some leases are structured so that you're in effect a debtor -- for example, a lease may allow you to live in a property or own an object before it has been fully paid off -- other leases are structured in such a way that the transaction doesn't involve the extension of credit.
Vehicles Leases
When you take out a lease for a vehicle, the lender will usually report the transaction to a credit reporting agency. However, in some cases, the lease may not qualify as a credit transaction. For example, when you rent a car at a car rental company, you're not being extended any credit. This short-term lease, therefore, does not appear on your credit report.
Property Leases
Often when you rent an apartment on a long-term lease, the lease will appear on your credit report. However, some kinds of leases, such as month-to-month leases in which you pay in advance each month, don't count as a credit transaction. While the lease itself may not appear on the credit report, if the landlord made an inquiry into your credit history, a record of the inquiry will appear.
Considerations
Credit reporting is not mandatory. While many lenders make it a practice to report loans and lines of credit to credit reporting agencies, some do not. Even if a lease involves the receipt of some credit on your part, if a credit reporting bureau is not told about it, it will likely not be able to discover it on its own. In that case, the lease would have to appear in a public record first.
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