Automatic Rent Reporting
Empower tenants with credit-building rent reports
Give tenants the option to get credit for their rent… literally. With rent reporting, tenants can automatically report their on-time payments to credit bureaus each month to build their credit:
- Monthly ongoing rent invoicing
- Historical reporting available
- Every rent payment reported
- Credit score updates within 30 days
Build credit history in just a few payments.
Easy Set Up
No need to find a third-party report. You can enable rent reporting on TenantCloud in just a few clicks.
Cancel Anytime
With ongoing rent reporting, you can cancel any time, no long-term commitment necessary.
Report to Major Bureaus
Rent reports are directly sent to two of three major credit bureaus (TransUnion and Equifax) to build credit faster.
Enable rent reporting, empower your tenants
Rent reporting encourages on-time payments, improves your tenants’ financial outlook, and strengthens your landlord-tenant relationship. Win, win. Win.
Why rent reporting?
When on-time rent payments are reported, they can have a positive effect on your payment history. Building a credit history increases your chances of having a higher credit score and can improve purchasing opportunities, such as qualifying for home and car loans.
Lenders use the credit report to gauge the likelihood of you paying back a loan.
Get access to better properties and be more likely to be approved for getting a mortgage, car loan, or credit card.
How it Works
We understand how important it is to build a credit history and help our tenants do it with little to no hassle.
Rent reporting is enabled for tenants who share an active lease with a landlord within the TenantCloud system.
Ongoing Rent Reporting
Tenants can report ongoing rent payments for just $6.95 a month. Payments are processed on the 21st of each month. Available for U.S. residents only.
Historical Rent Reporting
Tenants can also potentially boost their credit score by reporting previous 24 months of rent payments to credit bureaus, otherwise known as back rent reporting. This is a one-time fee of $49.95. To maximize on-time payments, tenants can opt-in to both ongoing and historical rent reporting at the same time.
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