Rock the Score
Founded in 2018, Rock the Score balances low costs with excellent service. Rock the Score reports that users see an average credit score increase of 37 points, but that varies.
Someone with a thin credit file might see an increase of 60-80 points, while someone with a large credit file might see a smaller increase of 10-15 points. Rock the Score claims that some clients have gone from “no credit” to scores over 700.
Rock the Score doesn’t require your landlord to be enrolled in their services. They will need to get payment information from your landlord, but they offer a money-back guarantee if your landlord won’t provide it, cutting your risk.
Rock the Score will add a spouse or roommate at a discounted cost to maximize benefits. The second person can get credit for the same on-time payments for their credit score, doubling the value of the service.
Rock the Score has low ongoing fees and makes sense for budget-conscious consumers who want https://loansolution.com/installment-loans-tn/ excellent customer service and results. While they don’t report to Experian, Rock the Score is still one of the .
As in any industry, new competitors are constantly emerging in the rent reporting business. Here are two new entrants offering exceptional deals. They’re still building a track record and details on their programs may be hard to find, but they are worth a close look!
Esusu Rent, founded in 2018, is another favorite that reports to all three major credit bureaus. If you need all three credit bureaus to credit your rent payments, Esusu Rent is a reliable runner-up.
You’ll pay $50/year for ongoing service and make a $50 one-time payment for up to two years of past rental payments. This is an exceptionally low price considering that they report to all three credit bureaus.
Esusu Rent also offers a rent relief program. The Esusu Rent Relief fund provides help to those experiencing financial hardship in the US. It requires only a 2-minute application to see if you qualify.
While they don’t have a roommate or spouse option, their low fee makes them one of the most affordable options on the list.
Boom is a different type of rent reporting company. It’s an app that pays your rent for you and reports the payment to all three credit bureaus. Boom also offers the BoomSplit service, which allows you to split your rent into several installments.
Boom can report any lease or valid rental agreement within the last 24 months. You can only use the app if you pay through a rent portal or a direct deduction from your checking account.
The app’s website claims that you can see an improvement in your credit score in as little as 10-15 days.
This is a fascinating concept, especially as the fees are extremely low. The only reason we’re not including it in the top 5 is that there are few detailed reviews available and the customer reviews are too limited to form a meaningful opinion.
If you want to report your past rent payments you will need to sign up for the service, pay the subscription fee as well as the historical reporting fee. Here’s what you can expect to pay if you want to report 24 months of rental history:
Landlord-Enrolled Rent Reporting Services
There are a few other rent reporting services you may find on the internet that may cost you less money.
However, these services are not available to you unless your landlord signs up for these companies to collect your rent payments on their behalf.