Rent Reporting

Pay Rent on Time. Build Your Credit History.

Build your credit history simply by paying rent on time. Once Rent Reporting is activated, TurboTenant will automatically report your on-time rent payments to TransUnion for free, 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 for free in this article.

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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:

Why Landlords Love It:

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. Opt into Rent Reporting for free.

You should be rewarded for paying rent on time! Simply opt into Rent Reporting 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 for free, whether you pay through TurboTenant or your landlord tracks rent payments using TurboTenant. Just as easily as you turn on Rent Reporting, you can also turn it off with a simple click, if needed.

Still have questions? Check out our FAQs below!

rent-reporting

Rent Reporting FAQs

To begin, simply invite your landlord to collect rent online through TurboTenant. Once online rent payments are set up, you’ll be able to opt into Rent Reporting within your TurboTenant account after confirming some information. Once you’ve enabled Rent Reporting, we will automatically report every on-time payment you make online or that your landlord records to TransUnion, the credit bureau. Have additional questions? Please contact [email protected].

The Federal Trade Commission entitles everyone to a free credit report every 12 months, which can be requested here. TurboTenant reports credit to one of the three major credit bureaus. For more information on getting your credit report, you can visit the Federal Trade Commission’s website here.

Generally, your rent payments don’t get reported to credit bureaus, unlike your credit card or mortgage payments. But if you are looking for a way to build your credit history without taking on additional debt, reporting your on-time rent payments can be an excellent option for doing so.

While acceptable credit scores vary from landlord to landlord, generally a good credit score to rent an apartment ranges from 620 to higher. Read here for our comprehensive guide on how to run a credit check.

TurboTenant cannot control or guarantee a particular change in your credit score. However, scores typically increase the most for renters who lack credit history or have low scores. Once you have a consistent history of on-time payments, you can check your credit score for free here.

Rent reporting can benefit everyone but is especially helpful for renters who lack any credit history and renters with a low credit score. You’ll build your credit history without taking on additional debt.

TransUnion is one of the 3 trusted credit bureaus that are responsible for collecting and maintaining consumer credit reports in the U.S. These reports are then provided to subscribers, such as landlords, mortgage lenders, etc., who decide whether or not to extend you credit or accept you as a tenant.