Which credit bureaus are my on-time rent payments reported to?
We report your on-time rent payments to TransUnion, Experian, and Equifax. TransUnion is the same company that does credit & background screening for new tenants on RentRedi. They use the information to increase your FICO credit score. You can learn more about TransUnion's ResidentCredit program here.
Why should I report my on-time rent payments to TransUnion, Equifax, and Experian?
Typically, credit bureaus use credit cards and loan payments (such as student or home loans) to assess credit scores.
However, with RentRedi, you can now report your on-time rent payments to credit bureaus as well!
With rent being a large monthly payment, you can increase your credit score with rent payments you're already making!
Additionally, a high credit score can mean access to lower interest rates for car, home & other loans, waived or reduced deposits to open utility or cell phone accounts, increased credit limits, and overall positions you as a more attractive tenant.
How soon will I see a boost in my credit score?
Payments are reported to the credit bureaus every week. Once your rent is reported to TransUnion, it typically takes 5-30 days to show on your credit history!
How do I start reporting rent?
RentRedi App
Tap Rent in the RentRedi app.
Tap Get Credit Boost.
Select your plan: Report Entire Lease, 3-Month, or Monthly Report.
Tap Boost Credit Now.
Enter your information to Confirm Your Enrollment Details.
Choose Add Past Payments or Continue Without Past Payments.
Enter your payment method and tap Pay.
Web Portal
Log in at tenant.rentredi.com.
Under Viewing for, find the Credit Boosting section and click Get Started.
Select your plan: Report Entire Lease, 3-Month, or Monthly Report.
Click Boost Credit Now.
Enter your information to Confirm Your Enrollment Details.
Choose Add Past Payments or Continue Without Past Payments.
Enter your payment method and click Pay.
What is the cost of reporting my rent payments to TransUnion, Equifax, and Experian?
For current tenants, there are 3 options. Regardless of the option you select, TransUnion recommends reporting 12 months of payments to make the most impact on your FICO credit score.
Note: Experian only records the current month, and Experian will not report prior rent payment history.
Entire Lease Report
You can report on-time payments for your entire lease at once. This includes all future payments & the option to add all past payments made through RentRedi for the price of $3.99/month.
The cost for reporting an entire lease at once can be up to a one-time payment of $47.88 (for reporting 12 months) to increase your credit score by up to 26 points.
3-Month Report
You can choose to report your on-time payments every 3-months, costing $4.99/month. The cost for reporting 3 months of rent payments is $14.97.
Monthly Report
The most flexible option is that you can choose to report your on-time payments every month. This pay-as-you-go option costs a recurring $5.99/month.
You’ll find the pricing for each reporting plan on the Credit Boosting enrollment page in RentRedi. Each plan includes a clear breakdown of the reporting options and associated costs for you to review before enrolling.
How do I turn off/stop reporting my rent payments to TransUnion, Equifax, and Experian?
You can cancel Credit Boosting anytime from your RentRedi account. See How to Cancel Credit Boosting for Tenants for the steps.
Can I build my credit history with RentRedi?
Yes! RentRedi allows you to report your on-time rent payments to TransUnion, Experian, and Equifax to help build your credit score.
As long as you're a tenant using the RentRedi app, you can report all rent payments made through the platform.
Can payments made outside of RentRedi be reported? (Check, money order, etc.)
Currently, only on-time rent payments made through RentRedi are eligible for credit reporting to TransUnion, Experian, and Equifax. Payments made through other methods, such as checks or money orders, aren’t supported for credit boosting at this time.
How does rent reporting work?
After you’ve started reporting rent, RentRedi will share all on-time rent payments through our secure connection with TransUnion. TransUnion uses the information to adjust & update your FICO credit score. Additionally, on-time rent payments will also be reported to Experian & Equifax.
I already have great credit. Do I need rent reporting?
Even if you already have good credit, reporting your on-time rent payments may help strengthen your credit history and potentially increase your score. If a higher credit score could help you reach the next credit score range, rent reporting may be worth considering. You can learn more about credit score ranges here.
Can I report my rent if I'm on a month-to-month lease?
Yes! You can enroll in Credit Boosting even if you're on a month-to-month lease. The Monthly Report plan is available for $5.99/month.
Note: For month-to-month leases, any charges paid before the lease start date cannot be back-reported.
Key Facts
12 months can make a difference: TransUnion recommends reporting 12 months of on-time rent payments for the greatest potential impact on your credit score.
Potential score increase: Reporting 12 months of on-time rent payments can increase your credit score by up to 26 points, although results vary by individual.
Some see results sooner: 60% of renters reported an increase in their credit score within the first month of rent reporting.
Check your credit report: You can get a free copy of your credit report at AnnualCreditReport.com.
Need help? 💬
Contact us! RentRedi Chat Support is available 24/7! Access our Live Chat via the chat bubble in the bottom right corner of the RentRedi dashboard.