The Most Reliable Rent Reporting Services in the Year 2022

Feb 05, 2024 By Triston Martin

Timely rent payment can boosts your credit scores, but only if you take the necessary steps to put them on your credit report. That may be done with the aid of rent reporting firms.

If the three major credit bureaus receive rental payment information, it will be included in your credit report. It's unlikely that your landlord will provide it. Landlords don't want to pay a fee to credit bureaus to report information.

You can raise your credit score by using a rent reporting service. Many people will provide payment history going back two years or more. If you have a small credit file and are attempting to build your credit, this service may be worth the money, even if you have to pay for it.

Choosing a Rent Collection Agency

When looking for a rental reporting firm, these are the most important factors to consider.

The Cost

The cost of a rent reporting service consists of several factors. To figure out which one is best for you, you'll have to add them all up.

Please make a list of the costs to you, and prioritize them. If you're a solo traveler, you won't have to worry about additional expenses for other participants. If you're a first-time tenant, you probably won't care about the past.

Reports from the Credit Bureaus

It's useless if your rent reporting provider reports to Equifax and TransUnion. Still, a creditor is looking at Experian's credit score, and having a service report to as many credit agencies as possible influences your credit.

Reported Rents from the Past

Reports on previous rent payments may be obtained from most agencies. A record of on-time payments will help you improve your credit history and establish a credit history.

The quantity of rent history reported by various services varies. They vary in length from six months to a year to a full two years. You may be able to select from multiple time frames with some.

With a long record of timely rent payments, consider a service with the most extended payment history feasible.


You may be able to pay your rent in several installments if your rental reporting agency allows you to do so, as well as have utilities or other bills posted to your credit report as well.

Expedited reporting is available from several services, and it promptly adds information to your credit report. You'll have to decide if these extra features are worth the money you'll spend to get them.

Reporting Services for BoomReport

BoomReport charges a $10 signup fee, but after that, they'll report up to 24 months of rental payment history for just $25 a month.

As low as $2 a month if you sign up for a year's worth of rental payment, reporting is all you'll spend. Only $1 more if you want to join up for a month at a time. You have the option to cancel at any time.

Their clients are said to gain between 5 and 100 points in their FICO score due to Bombay. Though the range is broad, they have a valid point: it's hard to know how much advantage you'll obtain in advance.

As soon as you participate in the program Credit Rent Boost, they'll submit your credit information to the credit agencies within 48 hours, and you'll notice an influence on your credit score within ten days.

Credit Rent Boost

Additional rent reporting options include Credit Rent Boost. For the lowest costs and most considerable average credit enhancements, BoomReport comes out on top in this category. Adding a second or third tenant will also result in a substantial reduction.

Rent Collection Services

Credit Rent Boost reports rental payment history going back two years. It costs $45 for a year's worth of reporting and $60 for two years' worth. An additional 12 month or 24 month period will cost $90 and $120, respectively, if you wish to record the history of another renter(s).

They claim that those who use Credit Rent Boost's history reporting service notice an average boost in their credit score of 20 to 60 points within two weeks. It costs $5.95 a month or $45 if you pay it all at once, which comes to $3.75 per month for regular rent reporting.

You'd spend $7.95 per month or $80 per year ($3.36 per month) to add a second tenant. Each month, the cost of a third renter is $9.95, or $105 a year. To make matters worse, if you want to pay by the month, you'll have to pay a $25 registration charge.

Kharma Rental

Rental Kharma is a rent reporter who can do everything. Compared to the other service providers on our list, they provide a wide range of customization options. They're probably the best-rounded option, if not the best.

Hire a Reporting Company

One-time setup costs $50 with Rental Kharma. Fortunately, up to six months' worth of previous rent payment information is included in the automated report as well.

It's possible to spend an additional $60 and have all of your initial rent payments been reported to the credit agencies even if they're over the standard 24-month restriction. You may pay $25 for a second renter who the $60 cost will cover as an option. The first tenant pays $8.95 per month, while the second renter pays $5.

According to Rental Kharma, after two to three months of consistent reporting, your score will rise by an average of 29 points. At least two years of previous reporting is required to achieve the 40 points they claim.

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