What is rent reporting?

Rent reporting is a great feature that reports your rent payments to the credit bureaus. It can help to build your credit history, and can help boost your credit score. When you pay rent through the system, your payments are reported to the following credit reporting bureaus in the US:

• TransUnion
• Equifax

You can build a credit history with rent payments. Ongoing and Historical reporting of your on-time payments helps boost and establish a good record. This is an excellent benefit and a way for you to potentially increase your credit scores. A higher score generally means access to better properties.

If you are a tenant who lives in the US, you can enable reporting to credit bureaus for the active shared lease with monthly recurring rent invoicing. The report to credit bureaus functionality is strictly connected to the recurring transactions listed on the lease.

Please note!
If you do not see the Rent Reporting option, contact your landlord/property manager to double-check their account verification status. Your landlord/property manager has to be verified in the system for you to be able to use the Rent Reporting option.

Please note!
Make sure you have written your full name as it is on your legal documents.

You can enable rent reporting for past and ongoing rent payments or only for ongoing ones.

Activate ongoing Rent Reporting and enjoy free ACH payments each month you’re enrolled. Here you can read more:
How do I enable free ACH payments?

Past & Ongoing reporting will allow you to report up to 24 months of previous rent payments (recorded in our system) to the credit bureaus all at once. This can help you create a strong credit profile, establish a good payment history, or rebuild your damaged credit in just one month and continue building it over time. This option includes two separate payments – a one-time fee of $49.95 for past payments reporting and an ongoing monthly fee of $6.95 for ongoing payments reporting.

Please note!
Past rent reporting can be done only once. If the payment has been already reported, it won’t be sent to the bureaus a second time.

Please note!
Both payments will be charged on the 21st of the month no matter when the reporting option was enabled.

Ongoing rent reporting will help you build your credit history with on-time payments starting from the month it was enabled. You will be automatically charged $6.95 on the 21st of each month to report the rent payment to the following credit bureaus. 

If you missed the Historical rent reporting option when enabling Ongoing reporting, no worries; you can enable it later in your Lease details.

Please note!
Both positive (paid) and negative (unpaid) rent payments are reported to Credit Bureaus (within both historical and ongoing reporting). The system sends a feed on the 22nd of the month with the invoice status at that moment. Your landlord and you will want to make sure that all the necessary invoices are marked as paid by the 21st of the month - no later!

Please note!
This feature is only available for residents of the US.



Last updated:
May. 10, 2024