Rent Reporting for building credit

[Arthur Toma]

Hello, I am wondering if anyone has any experience or recommendations for rent reporting to help tenants build credit. I was recently asked by tenants if this was an option so I wanted to look into it more. A free app that I saw was Piñata, has any one had any reviews on it or similar apps?

Thank you BP community!

[Nathan Gesner]

Quote from @Arthur Toma:

Hello, I am wondering if anyone has any experience or recommendations for rent reporting to help tenants build credit. I was recently asked by tenants if this was an option so I wanted to look into it more. A free app that I saw was Piñata, has any one had any reviews on it or similar apps?

Thank you BP community!

There are a lot of options out there today. Pinata is one, but I believe it charges the Landlord and you shouldn't pay for something that has no benefit to you.

• : There is a one-time enrollment fee of $94.95, which includes up to two years of reported rental payments. From there, you can enroll in a monthly plan ($9.95 per month) or an annual plan ($7.95 per month). Rent Reporters reports to TransUnion and Equifax.
• : Initial setup is $50, and the service is $8.95 per month. Reports include all past history at your current address. You can include your roommate or spouse for a $25 one-time fee and an extra $5 per month. Rental Kharma reports to TransUnion and Equifax.
• : Previously known as RentTrack, LevelCredit charges a $6.95 monthly fee to have your rent, cell phone and utility payments reported to the credit bureaus. Rent is reported to all three bureaus, while utility payments are reported to TransUnion only. A look-back of up to 24 months is available on your current lease for a one-time fee of $49.95.
• Rock the Score: There is an enrollment fee of $48, and ongoing service costs $6.95 per month. There is a $65 fee for reporting up to two years of rental history. Rock the Score reports to TransUnion and Equifax.
• CreditMyRent: This service charges a monthly fee of $14.95, with no setup fee. There are additional charges if you want past rent reported. CreditMyRent reports to TransUnion and Equifax.
• PaymentReport: A $49 setup fee gets you two years of rental history reported to Equifax and TransUnion. Ongoing reporting is free for the flat-rate plan, and you can add a roommate or spouse for free. Ongoing reporting for monthly plans costs $2.95 a month, but there is no setup fee. (PaymentReport also has a version offered through landlords that requires electronic rent payments.)
• Boom: For an enrollment fee of $10 and a monthly fee of $2, users can get their rent reported to all three credit bureaus. For a one-time payment of $25, users can also get up to 2 years of past rental payment history reported.