Update: No Longer In Business
Credit My Rent is no longer in business. If you want to know the best and most reliable rent reporting companies, please jump to this article.
Do you want to improve your credit score using your rental history?
Credit My Rent is a service that reports your rent payments to Equifax and TransUnion which are 2 out of the 3 major credit bureaus. It will help you build or rebuild your credit you'll find out why in this review.
What else do they claim? You can add up to 24 months of previous rent payments. Plus, if you have roommates, they can sign up too.
We partner with awesome companies that offer products that help our readers achieve their goals! If you purchase through our partner links, we get paid for the referral at no additional cost to you! For more information, visit my disclosure page.
My name is Eddy and I've been in the credit repair space for over 3 years now. I love reviewing and providing you the best products to use whether it's for growing your online business, building your credit, or just awesome software.
Let's get started on this Credit My Rent Review.
3.5/5
From enrollment to rent reporting, Credit My Rent helps you improve your credit score by adding a positive tradeline. RENT.
Pricing: They offer plans ranging from $9.95 per month & up to $149 setup fee.
Credit Bureaus?: Equifax & TransUnion
Pros:
Cons:
Do I Recommend CMR?
Yes, I recommend Credit My Rent if you are in need of building your credit score and have exhausted all other options (Even if you used credit repair software or tools). Especially if you don't want to open up a secured credit card. Here's my favorite Credit My Rent alternative that does report to all three major credit bureaus.
Boom: Rent Reporting Service
Boom is a rent reporting service that reports to all 3 major credit bureaus. This service can even trackback to 24 months of previous rental history!
What Is Credit My Rent?
Credit My Rent is a rent reporting service that improves your credit score by reporting your rental payments to two out of the three major credit bureaus.
Who Founded Credit My Rent?
Credit My Rent is part of the UCES Protection Plan services offered.
The UCES Protection Plan saw a need for rent reporting and wanted to help people improve their credit scores so they could purchase homes and have lower interest rates.
United Credit Education Services did significant research and product development to create Credit My Rent.
Who's Credit My Rent For?
Credit My Rent is perfect for people who want to help repair or rebuild their credit score in the quickest way possible. It comes at a price that won't break the bank (especially when you factor in the benefits)
All memberships are set up on a monthly billing cycle. There are no long-term contracts so you can be comfortable setting up a plan with them.
It's Perfect for:
- Bad credit applicants
- Anyone who wants to see a change in their credit report
- Someone who wants to add a positive tradeline
How Does It Work?
Credit My Rent verifies any positive rent history so you can have a boost in your credit score.
They report to Equifax and TransUnion, but not Experian. However, you can use Experian boost to improve that credit bureau separately.
Credit My Rent is very simple to use and takes about 5 minutes to sign up.
Once you create an account and enter all your correct leasing information, they will start the verification process which can take time if you did anything incorrectly.
How Long Does It Take To Start Seeing Results?
On their website FAQs, It states it can take up to 3-45 days once the leasing information has been verified. You do receive an online portal to view your status and qualified rent reports.
Build Credit With Your Rent
Credit My Rent Pricing
Credit My Rent offers three different pricing options:
Each plan is priced at $9.95 per month and if you need to report previous rent up to two years, you would need to pay a setup fee depending on how far back you want to go.
Monthly With No Setup Fee: $9.95/month
Monthly + 1 year Payment History: $9.95/month & $99 Fee
Monthly + 2 year Payment History: $9.95/month & $149 Fee
Each payment will be reported each month which will act as an positive tradeline on your credit report. Credit My Rent will handle all the reporting for you and send your information to TransUnion and Equifax once every month.
Your initial payment will be charged to your credit card or debit card on file. You can either pay by automatic bank withdrawal or you may choose another method provided by Credit My Rent (some restrictions apply).
Payments will be taken out every month and you can easily cancel whenever you want.
Is Credit My Rent Worth It?
Yes, Credit My Rent is definitely worth if you previously had bad credit and are in need to improve your creditworthiness.
There is only a one-time enrollment fee if you wish to add past rent, but it's very cheap if you just need to report only your current rental payments.
So I think it's worth it if you need to build credit without all the headaches of a credit card.
Is This Service A Scam?
No, Credit My rent is a legit rent reporting service that has been used to help increase your credit score.
It's fully legal and uses an industry leading 3 phase bank-level security system.
Tenants are now starting to be enforced to report rent stated by the California Legislative. So this more than likely will be happening everywhere else.
You can report your monthly rental payments with Credit My Rent to help improve your credit score and view everything that happens through your online account.
Another great thing you can check out is their positive reviews on TrustPilot.
Credit My Rent Alternatives
I'm sure you've been shopping around for a rent reporting service, but if you found this post then I'd say Credit My Rent is definitely worth it.
There are some alternative rent reporting options that you may find as well depending on your individual situation and they come with their own pros and cons.
Boom: Rent Reporting Service
Boom is a rent reporting service that reports to all 3 major credit bureaus. This service can even trackback to 24 months of previous rental history!
Here is a list of Credit My Rent Alternatives.
Top Rent Reporting Services
1. Boom Report
2. Rent Reporters
3. Rental Kharma
4. Rock The Score
5. RentTrack
So those are the alternatives to using Credit My Rent for reporting your rental payments and you can read my entire blog post on the best rent reporting services.
Conclusion
There are companies trying to take your money and Credit My Rent is not one of them.
Let me know your experience with this below in the comments and if you have seen a change in your credit report!