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Our goal is to give you, the tenant, credit for something you already pay for! Get Redeemed! Increase your credit score in exchange for rent payments.
Rent Redeem® helps you improve your credit profile, making it easier to qualify for that new home and help you get the very lowest interest rate. Rent Redeem® rent reporting can help you establish a credit score by reporting your rent so that you can qualify for traditional credit products like a credit card or an auto loan.
Rent Redeem® helps renters improve their credit by reporting their on-time rent payment history to the credit bureaus. Also, Rent Redeem® verifies and reports up to 2 years of payment history. Credit age generally accounts for about 15% of your credit score.
According to the Pew Research Center, the total number of households headed by renters grew significantly from 2006 to 2020, jumping from 34.6 million to 43.3 million households. People younger than 35 make up about 65% of the 43.3 million renting households.
Head-of-household renters, especially young people, have been in a credit Catch-22: Almost all have been paying their rent responsibly and on time, but that track record of on-time payments has not been reflected in their credit history. Fortunately, that situation is changing for the better.
Rental payments can now be reported to the three credit reporting agencies, Experian, Equifax, and TransUnion. The newest credit scoring models use rental-payment data when calculating your credit score.
If you are a renter, this means that you can build—or start—your credit history without taking on additional debt and potentially improve your credit score with your on-time rental payments. Get your rental account reported, and it will show on your credit report; then, every month when you pay your rent, your positive account history will continue to grow.
Credit grantors, such as banks, credit card companies, auto finance companies, and telecommunications companies, will be able to see that positive payment history, which is a good signal that you have the ability to pay bills on time and manage your money.
Need more information on the RENT REDEEM® Tenant benefits, please do not hesitate to contact us: (855) 834-4663
Having rental payment information in your credit report can be useful if you rent again. Landlords prefer tenants who can show a history of paying on time.
Our credit repair service program can improve and correct credit reports quickly, legally, and effectively by interpreting consumer rights.
Good tradelines on your account will help you achieve a credit score of 750 or higher. Tradelines work by adding positive information to your account.
We work directly with tenants and landlords to report the tenant’s monthly rent payments to TransUnion & Equifax to boost credit scores! Most property management companies and landlords cannot offer this service due to reporting guidelines and a strict vetting process for the reporter.
We’re here to make this process easier and possible with our rent reporting services and free rental history checks for all names on the lease agreement. Roommates and spouses can also receive credit for their payments and can Increase credit score fast. We’re also able to establish credit for your past two years of rental payments and report the last 24 months of your rental history to your credit report.
This is the ultimate benefit as recent studies have shown the longer the tradeline reports, the stronger it affects your score.
Pricing: One-time enrollment fee of $49.00 and $9.95 per month service fee. A new tradeline called “RentRedeem/Residence” will appear on your credit report within 5 days after rental verification and landlord validation. Most customers see an average initial change of 40 points.
Need more information on the RENT REDEEM® Tenant benefits?
Please do not hesitate to contact us: (855) 834-4663
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