If you're able to pay your rent on time every month, then this is probably the easiest way to build your credit.
Rent Reporting
Build credit
with rent.
Turn your monthly rent into real credit history. We report to all three major bureaus automatically.
How Rent Reporting works
Sign up
Rent Reporting is fast, easy, and cheap (generally less than $9/month per resident*).
Pay your rent
Pay it on time. That’s it!
Payments are reported
We let the three major credit bureaus know about your on-time payments.
Build your credit
Sit back, relax, and let your credit cook.
Financial opportunities
Good credit kicks down the door for future financial success.
*Amount may vary
Buying a house
Driving your dream car
Starting a business
They're easier with good credit.
Credit Roundup
Dive into the our favorite articles to help you understand credit and how boost your credit score.
Frequently asked questions
Is Rent Reporting worth it?
When does Homebody report my payments?
We report your payments for the previous month around the 15-20th of each month. This allows us to receive payment information from your community, determine the payment type, and report that information to the credit bureaus.
Where can I check my credit score?
Unfortunately, you are not yet able to check you credit score in the Homebody app; we're working on it! For now, you will need to use another source to check your credit. We suggest annualcreditreport.com, the official site authorized by the federal government, to access one free credit report per year. Keep in mind it can take up to 45 days for your first reporting to show on your report.
Where are my rent payments reported?
We report your rent payments to either Experian,Equifax, or TransUnion, or all three depending on the contract we have set up with your property management company.
Will my past payment history be reported?
Yes! We will automatically back report any available history (up to 24 months) that is on your current lease. Your available back history will go out with our next reporting cycle, which happens right around the 15-20th of each month. Please note that we can only back report history that has been accumulated in the same unit you currently hold your lease in, if it was with the same property management company.
Why do I pay more or less than my friend who also uses Rent Reporting?
Property owners and managers determine the price for their residents. In some markets, they might charge more to manage the service.
Will my credit score will go up with Rent Reporting?
Credit scores depend on all sorts of things: debts, lines of credit, debt repayment history, etc. Rent Reporting is just another way to help your score.
How much does it cost?
The cost varies depending on your property management company. Feel free to reach out to them for availability and details on costs. When you move out, your policy ends.
Can I sign up for Rent Reporting?
Because you pay rent to your landlord or their property management company, Rent Reporting is only available when they’re involved. Click here to see if you can use Rent Reporting!
What is Rent Reporting?
Rent Reporting is a service that helps you build your credit by reporting only their on-time rent payments to all three major credit bureaus. Similar to a mortgage, Rent Reporting can help residents establish a payment history. Payment history can make up to 35% of an individual’s credit score.The longer you are on the lease and having your payments reported the greater the impact they will have on your credit. Everyone’s credit and situations are different, so results vary but on average residents will see a 20-40 point increase over a 12-month lease.
