Credit Rental Boost

Review Score 9.2


Credit Rental Boost Review

CreditRentBoost.com can help boost your credit score using your rent payments. The company will work with your landlord and leasing contract to report your rent history and future payments to Equifax and TransUnion twice a month, which can help boost your credit quicker than other rent reporting services. They also allow you to report rent from multiple addresses you lived at.

Tenants can choose from past credit reporting, ongoing credit reporting, or both. The company claims that you will see improvements in your credit in as little as two weeks with increases of up to 100 points, but your name must be on the lease agreement to get credit. Landlords can also enroll at least nine of their rental units in the plan as incentives for tenants to pay on time.

Pricing

Starting from: $2.92 per month (for one renter) plus one-time payment of $105 for past 24 months and ongoing plan Pricing model: subscription (12 or 24 months offered) – all fees due at once Free trial: not availableCredit Rent Boost offers three pricing packages you can choose from with varying costs, depending on the number of renters and how many months you sign up for (12 or 24). The past and ongoing rent reporting plan provides the best results at the lowest price. If you go with the past 24 months and ongoing plan, the cost will be $105 due upfront, which works out to be $2.92 per month. They also have a subscription plan for $5.95 per month plus a one-time payment of $45 or $60.


Credit Rent Boost will waive the enrollment fee of the ongoing rent reporting subscription plan if you add a past reporting plan. Ongoing rent reporting for one person starts at $3.75 per month ($45 due upfront for 12 months) and past rent reporting is $2.50 per month ($60 upfront for 24 months). There is an expedited service option for $100 that sends all documents to TransUnion and Equifax within three days. If there are several people on your leasing agreement, have them sign up and you’ll get a discount that can be applied if you renew your policy when it expires.

 

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Pros and Cons


PROS:
  • Boost credit based on rent payments you already made (up to two years ago)
  • Get credit for future payments you will make on rent going forward
  • Services begin at $2.50 per month (all fees due upfront; one-time fee may apply)
  • Various pricing plans to choose from
  • Results in less than two weeks
  • Average score increase of 30 to 100 points
  • Multi-renter discounts available
  • Rent reporting to Equifax and TransUnion twice per month for faster results
  • 100% money back guarantee and you can cancel anytime

CONS:
  • Does not report to Experian
  • Need to have a compliant landlord


FINAL VERDICT – Credit Rent Boost allows you to boost your credit by reporting rent payments that you made up to two years ago. You can also report future payments you make going forward to ensure you get credit for all rent payments. The company reports your rent twice per month – as opposed to once a month, like most rent reporting companies, which can help boost your credit quicker.

They also allow you to include rent paid at multiple addresses if you moved around within the past two years, ensuring you get credit for all rent paid within this time.

There are several plans you can choose from, each starting at only a few dollars per month, and you can get a discount if you sign up multiple renters. However, you will need to pay all fees upfront, including a one-time fee for most plans, but there is a money back guarantee if you’re not happy. Keep in mind that you’ll need to have a compliant landlord as they will need to help you sign up for this service. You may want to clear this with them before signing up to save time.



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Benefits

  • You can report rent from multiple addresses within the past two years, even if you don’t live there anymore, but you will need to make sure you sign up for past rent reporting services. Additionally, your driver’s license does not need to match the address listed on your lease agreement. You can also use this service if you sublease a room or apartment, as long as you and your landlord provide all of the necessary documents.
  • Your spouse or roommates can get credit for paying rent, as long as they are listed on the lease agreement. Credit Rent Boost offers a multi-renter discount on their rent reporting services. The cost is $80 for the first 12 months of reporting for two renters. If you and your roommate decide to continue for another year after that, you can renew at the discounted price. Spouses and roommates can also sign up for the past rent reporting option.
  • The company claims that they make the process as easy as possible for your landlord. However, there is a 100% money back guarantee if your landlord does not cooperate. In other words, if you sign up for Credit Rent Boost, pay all the money upfront, and your landlord will not send in or approve the necessary documents, the company will give you back your money.


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Summary

In our opinion, Credit Rent Boost provides an excellent service. They have good customer service reviews, and the company has an A+ rating with the BBB. The company states that you’ll see results within two weeks and the average credit score increase is between 30 and 100 points (over the course of 12 to 24 months), which is a great way to benefit from rent that you have to pay anyway. You can also report rent from up to two years ago at multiple addresses.

However, the payment process can be confusing as there are multiple plans and options available, especially if you have several people on your lease. Also, keep in mind that this service is no good if you have a landlord who is unwilling to cooperate.
Lastly, the company only reports to two of the three major credit reporting agencies, which may cause discrepancies between your credit reports. You will benefit most from this service if you have been renting for several years (or plan to rent for several years in the future) and have limited options otherwise to boost your credit, such as credit card payments, loans, etc.

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Company Offer

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FAQ’s

How Does Credit Rent Boost work?

Credit Rent Boost uses a three-step process to report your rent. First, you need to complete the enrollment process and submit a photo ID (or have your landlord do this). Next, Credit Rent Boost will verify your landlord and your rent payments. Once your account is confirmed, Credit Rent Boost will report to Equifax and TransUnion twice per month. You will need to monitor your credit report to determine how much your score increases. The company states that most people see an increase of up to 100 points after a few months of reporting their rent. The service works best if you report rent from 24 months back while also reporting rent going forward.

What do I need from my landlord to sign up for Credit Rent Boost?

Credit Rent Boost tries to make the process as painless as possible for landlords, but there are some things that they will need to do for you (the tenant). If you rent from an apartment or property management company and they have a website, then Credit Rent Boost can get the credit bureaus requirements from them by reaching out and verifying your payments. If you rent from an individual owner, then Credit Rent Boost will need to obtain a copy of your photo ID from them, which can be uploaded online – OR – they can answer five questions over the phone to confirm your identity. Credit Rent Boost also needs to obtain a copy of the public tax records to verify ownership.

What if my landlord doesn’t cooperate?

If you rent from an individual owner, then Credit Rent Boost states that it’s very important you talk to them to make sure they are willing to upload your ID or answer the questions. If they are unwilling to do this for you, and you already paid in full for the rent reporting services, then Credit Rent Boost will refund your money within seven to ten business days. You will need to provide a copy of your lease agreement to Credit Rent Boost. Additionally, any changes or updates made to your lease agreement will need to be sent in each time so that Credit Rent Boost can keep your account updated. Be sure your landlord is willing to help you with this.

What services does Credit Rent Boost offer for landlords?

Credit Rent Boost allows landlords to sign up their properties and offer the service to their tenants as an incentive to pay on time. The cost is $45 for 12 months per unit if you sign up nine units or less and $60 per unit for 24 months. The price drops to $25 per unit for 12 months or $35 for 24 months if you sign up 10 to 99 units, and $5 per unit for 12 months if you sign up 100 to 2,000 units. Landlords can enjoy an affiliate relationship with Credit Rent Boost and earn a 20% commission when they have their tenants sign up for the service.

Does Credit Rent Boost monitor my credit?

No, Credit Rent Boost does not pull your credit report or check your credit in any way. You will need to keep an eye on this yourself to make sure your rent is showing up on your reports. You can pull your credit for free once a year. If you are using a third-party credit provider, then keep in mind that they may only update their database once a month or so. Your rent should appear on your credit report within two weeks, but Credit Rent Boost does not control when this information shows up. They only verify your information and report your rent to Equifax and TransUnion. The credit reporting companies do the rest!

Credit Repair Services
9.2 Total Score
Credit Rental Boost Review

Credit Rent Boost is a good investment if you have been renting for several years or plan to rent for several years in the future and have very few other ways to boost credit. The payment plans can be a bit tricky to navigate if you have several renters on your lease, and you will need a cooperative landlord to benefit from the company’s rent reporting services. However, for only a few dollars per month (plus a reasonable one-time payment), you can easily use Credit Rent Boost to get credit for paying rent that you have to pay anyway, making it a worthwhile service.

Services
9.5
Features
9.3
Customer Support
9.1
Price
8.8
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