Credit Building Center
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ADD PRIMARY RENTAL TRADELINE TO YOUR CREDIT REPORT
Rent is the largest monthly expense, and your clients are currently not getting credit for making these on-time payments. Adding a rental tradeline to their credit report can help diversify their credit portfolio and improve their credit score.
Its helpful for renters seeking to build or boost credit.
Members see an increase in their scores between 5-100 points.
To register you will need:
(1) A valid rental agreement within the past 24 months,
(2) A social security number
(3) A bank account that you use/have used to pay your rent payments.
No landlord interaction is required.
Approvals are immediate.
The rental tradeline benefits:
Adds up to 24 months of payments (a rent payment must be made within the last 24 months in order to qualify)
Improves credit age with a start date (i.e. lease date)
Falls into the “other” catering category, helping to diversify their credit profile
Does not impact the debt-to-income ratio
Does not impact utilization ratio
Serves as a positive tradeline to offset negative items on credit report
Allows creditors/landlords opportunity to view your clients’ financial responsibility and loan eligibility despite credit score The rental tradeline
Add a rental tradeline to your credit reports, further diversifying their credit history
Reports to all 3 credit bureaus: Experian, Equifax, and TransUnion
Zero landlord involvement
The most affordable rent reporting solution on the market
delays.