Rent Reporting
Pay Rent on Time. Build Your Credit History.
Build your credit history simply by paying rent on time. Once you subscribe to Rent Reporting, TurboTenant will automatically report your on-time rent payments to TransUnion, helping you get the credit score you deserve.
Are you a landlord? Learn how to collect rent through TurboTenant so you can report your tenant’s on-time payments. You can also read more about the benefits of offering this service in this article.
The Why
You Work to Pay Rent.
It’s About Time Rent Works for You!
Rent is one of your largest monthly bills. Why not make it work to your advantage?
Benefits for Tenants:
- Build credit history simply by paying rent on time
- Contribute to your credit score without taking on any additional debt
- Achieve financial goals, like approval for a car loan or mortgage
Why Landlords Love It:
- Reduce late rent payments by incentivizing on-time ones
- Stand out with this unique offer for renters
- Help your tenants improve their financial situation
How it Works
Step-by-Step Breakdown
1. Invite your landlord.
Easily invite your landlord to collect rent online. Once they create a free TurboTenant account, they will invite you to create your own renter account. Your landlord will then set up online rent payments, and you can securely connect your bank account.
2. Subscribe to Rent Reporting. Only $4.99/month.
You should be rewarded for paying rent on time! Simply activate your Rent Reporting subscription within your renter account once your landlord has set up online payments. You will be asked to provide information, such as your legal name and date of birth, before it is fully activated.
3. Pay your rent to build your credit.
Once Rent Reporting is enabled, TurboTenant will automatically report only your on-time rent payments to TransUnion, whether you pay through TurboTenant or your landlord tracks rent payments using TurboTenant. You can unsubscribe from Rent Reporting at any time.
Still have questions? Check out our FAQs below!
Rent Reporting FAQs
How do I activate Rent Reporting through TurboTenant?
To begin, invite your landlord to collect rent online through TurboTenant. After they set up online rent payments, you can opt into Rent Reporting through your TurboTenant account by confirming some basic details. Once enabled, TurboTenant automatically reports every on-time payment, whether paid online or recorded by your landlord, via TransUnion. The full screening report is immediately available as part of that application.
Where can I check my credit score after reporting rent?
The Federal Trade Commission entitles everyone to one free credit report every 12 months, which you can request online. TurboTenant reports rent payments to one of the three major credit bureaus. To learn more or request your credit report, visit the Federal Trade Commission’s official website.
Why should I report my rent payments to credit bureaus?
Reporting rent payments can help build your credit history with on-time payments, which may improve your credit score over time. Unlike loans or credit cards, rent is a major monthly expense that often goes unreported—rent reporting lets you get credit for payments you’re already making.
What credit score do landlords usually accept?
Most landlords look for a credit score of 620 or higher, though requirements can vary by property and market. Reporting rent payments helps build your credit history by including on-time payments, which can improve your score over time and make it easier to qualify for future rentals.
Check out our comprehensive guide on how to run a credit check.
How much can rent reporting raise my credit score?
TurboTenant cannot control or guarantee a particular change in your credit score.
However, rent reporting can raise your credit score by up to 40 points, depending on your credit history and the scoring model used.
Who benefits most from Rent Reporting?
Rent Reporting benefits renters with little or no credit history, such as students, recent grads, or those rebuilding credit. It helps establish a track record of on-time payments, which can improve credit scores and future rental prospects.
Why does TurboTenant use TransUnion for Rent Reporting?
TurboTenant partners with TransUnion to deliver secure, reliable rent reporting and credit-building tools for renters. TransUnion specializes in alternative credit data, allowing TurboTenant to report on-time rent payments efficiently while helping tenants build credit through a trusted, credit-reporting platform integrated with major bureaus.