FinMasters content is free. When you purchase through referral links on our site, we earn a commission. Learn More

Summary: Not all rent reporting services are created equal. We review ten rent reporting options and how to choose the right one for you. 

Many people do not realize that their rent payments are not usually reported to the three major credit bureaus. This is unfortunate because the reporting of your monthly payments could have a positive influence on your credit score. 

You can fix this problem.

You can pay a Rent Reporting service to report your monthly payments. For an additional fee, many services will report 24 months of previous rental payments. That’s a quick way to establish a credit history.

When choosing a rent reporting service, the two most important factors to consider are their reputation, the number of credit bureaus that they report to, and their initial cost, including the reporting of 24 months of previous rental payments.

In this post:

Credit Reporting 101

When you apply for a loan, lenders will contact one of the three major credit bureaus – Experian, TransUnion, or Equifax – to get your credit score. Your credit score represents the credit risk you would pose to the potential lender and is calculated from the credit history in your file. 

☝️ Lenders and credit furnishers do not always report to all three credit bureaus, and rent reporting services are no different. 

👉 Because of this, the reported information in your credit file may be different at each of the three bureaus. This can result in a different credit score being calculated by each. 

You will be offered an interest rate based on the credit score pulled from one of the credit bureaus. People with high credit scores will get the best interest rates and those with lower credit scores will be left with the worst interest rates… if they are approved for credit at all. 

The difference in the amount paid in interest for a mortgage between someone with a low credit score and a high credit score can be tens of thousands of dollars. 

If you have never used credit, you may have no information in your credit file at all. You will have no credit score and it may be impossible to get credit, even if you are financially responsible.

You do not get to choose which credit bureau the lender uses to obtain your credit score. For this reason, it is essential that your rent payments are reported to as many agencies as possible.

Adding positive payment history to your credit file will build your credit record and improve your credit score. 

How To Choose A Rent Reporting Service?

Not all rent reporting services are created equal. Many of them only report to one of the three major credit agencies. 

This means that your credit score will improve only at that one credit bureau. Credit bureaus do not share information. 

💡 Quick Tip:
To get the maximum benefit from rent reporting, choose a service that reports to more than one credit bureau.

Credit Bureaus The Rent Reporting Services Report To

RentTrack is the only reporting service to report to all three of the major credit bureaus. 

However, unlike the other rent reporting services, they require you to make your rental or lease payment through their company, which then writes a check to your landlord. That means you’ll have to pay RentTrack well before your rent is actually due. If you’re disciplined and you don’t mind paying early, it could be worth it.

 

TransUnion

Equifax

Experian

RentTrack

✔️

✔️

✔️

RentReporters

✔️

✔️

Rock the Score

✔️

✔️

Rental Kharma

✔️

Credit Rent Boost*

✔️

❌*

Rent Report Team

✔️

If you don’t want to pay early, RentReporters and Rock the Score report to TransUnion and Equifax and are our top recommended picks. Best Rent Reporting Services.

You’ll also want to check online reviews to make sure the service delivers the service they claim to offer.

Some services also offer you a free credit score, a useful perk.

Now that you know what to look for in a rent reporting service, here are our top picks for rent reporting services you can sign up for today.

🏆
1. RentReporters

In business since: 
2012

BBB Rating
A-

Bureaus reporting to: 
Equifax, TransUnion

RentReporters Cost

  • Signup fee: $94.95
  • Monthly plan: (includes 24 months rent history):$9.95/month
  • Annual plan: (includes 24 months rent history): $7.95/month

How much will my credit score increase?
“For thousands of RentReporters’ customers, the average increase they see in as little as 15 days is 35-50 points.”

Visit Rent Reporters

Read Our Full RentReporters Reviews

2. Rental Kharma

In business since: 
2011

Bureaus reporting to: 
TransUnion

Rental Kharma Price & Cost

  • Setup fee (includes 6 months of rental history): $50
  • Monthly cost: $8.95
  • One-time fee to report your entire history at your current rental: $60
  • Add a spouse or roommate: $25 (one time)
  • Added monthly fee for a spouse or roommate: $5

How much will my credit score increase?
“On average for a two year verification it’s 40 points. For ongoing ONLY it’s 29 points for 2-4 months of reporting.”

Visit Rental Kharma

3. Rock the Score

In business since: 
2017

BBB Rating: 
Not rated

Bureaus reporting to: 
Equifax, TransUnion

Rock the Score Price & Cost

  • One-time enrollment fee: $48
  • Monthly fee: $6.95
  • One-time fee for reporting 2 years of past rent: $65.00

How much will my credit score increase?
“This really depends on the client’s credit profile. We have had someone go from a “no score” to 708 in just 30 days, we have seen 60, 70, 80 points increases for client’s with a thin credit profile Someone with a more robust credit profile the increase will be much less (10-15) points. Our average is 37 points.”

Visit Rock the Score

4. Credit Rent Boost

In business since: 
2016

Bureaus reporting to: TransUnion, Equifax

Credit Rent Boost Price & Cost

  • Ongoing: As low as $3.75/month
  • Past Rent Reporting: As low as $2.50/month
  • Past & Ongoing: As low as $2.92/month

How much will my credit score increase?
“Credit score claims – No two credit profiles are identical. However, we have generally seen a range of 7 to 120 point increases.”

Visit Credit Rent Boost

5. RentTrack

In business since: 
2014

Bureaus reporting to: 
Equifax, TransUnion, Experian

Rent Track/CreditPop Price & Cost

  • Monthly: $6.95
  • Reporting 12 months rent history: $49.95
  • Reporting 24 months rent history: $89.95

How much will my credit score increase?
“Not all credit scores (including FICO scores before FICO ’09) consider rental information and therefore may not factor in rent payments appropriately. In addition, there can be many changes month over month in all the factors that make up your credit score (read more about What Impacts Your Credit), so it is difficult to predict how one factor might impact it alone.”

Visit Rent Track

6. Rent Report Team

Business since: 
2017

BBB Rating
Not rated

Bureaus reporting to: 
TransUnion

Rent Report Team Price & Cost

  • Enrollment fee: $29.99
  • 1-person monthly plan: $8.99
  • 2-person monthly plan: $9.99
  • One-time annual: $85.99
  • 2-person annual: $121.99

How much will my credit score increase?
“Within 15 days your credit score can increase 25-50 points.”

Visit Rent Report Team

How Much Will My Credit Score Increase?

As with most credit building tools, people with a thin credit file or limited to no credit will see the most significant credit score increase because they have no credit history. 

People with thin credit files (no credit or limited credit) report seeing their credit score increase by hundreds of points. 

I enrolled for rent reporting with Credit Rent Boost in March and saw about a 15 point credit increase at TransUnion when they reported my previous 24 months of rental payments. 

This is because I have a thick credit file, full of good and bad credit history. 

If you have bad credit with a lot of credit history, rent reporting will be good for the long-term credit building game, but you won’t see as big of a boost as someone with a thin credit file. 

The less information you have in your credit report, the more impact each item has on your score.

⚠️ Be Careful!
People with thin credit files will see the largest credit score gains. If you have bad credit with a thick file don’t expect much more than a 25 point gain from the 24 months of back reporting. 

Most of the credit reporting services track their customer’s credit score gains, and we have provided you with their claims in each of the companies’ highlights above. 

Landlord-Enrolled Reporting Services

There are a few other rent reporting services you may find on the internet that may cost you less money. 

However, these services are not available to you unless your Landlord signs up for these companies to collect your rent payments on their behalf.

Your Landlord or property manager must be enrolled in the program for you to be eligible to have your rental payments reported by the following companies:

You can contact these Rent Reporting services and ask if your Landlord has signed up. If not, you will need to use one of the services above.

Take Action!

If you have bad credit or no credit then signing up for rent reporting is a great idea! 

There are many services to choose from. Check the price, the reputation, and the credit bureaus a service reports to before making a commitment! 

Editorial Note: The editorial content on this page is not provided or commissioned by any financial institution. Any opinions, analyses, reviews, statements, or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved, or otherwise endorsed by any of these entities prior to publication.