RentRedi's Credit Boosting feature allows for on-time rent payments to be reported to TransUnion and Experian. This helps to lift a tenant's overall credit score and is a great perk to offer your tenants.
Tenants can enroll and pay for this option on their own from their RentRedi app. Here's how.
If this option is enabled by the Landlord or Owner account, the fee will be charged to the primary RentRedi account holder with the same payment method used for RentRedi subscription charges. The plan auto-renews for the length of the lease until it is canceled.
Monthly plan - $5.99/month billed each month for each enrolled unit
The charges will be applied automatically based on the number of tenants in the unit who enroll for credit boosting
Previous Months - $5.99 charge for each prior rent payment the tenant has submitted through RentRedi
Note: Experian only records the current month and prior rent payment history will not be reported by Experian.
Enroll in Landlord-Paid Credit Boosting for Tenants
Credit Boosting can be enabled by the unit as desired. Here's how:
From the RentRedi Dashboard click Renters from the left-hand menu and choose Credit Boosting
Click Get Started
Select the Property and Unit desired
(Optional with additional fee) Check the box to cover past rent payments if desired
Click Add Credit Boost to enroll
Unenroll from Landlord-Paid Credit Boosting for Tenants
Unenrolling from covering your tenants’s credit boosting is just as simple:
From the RentRedi Dashboard click Renters from the left-hand menu and choose Credit Boosting
Click on the enrolled unit
Click Cancel Plan
