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If you have bad credit, paying to report your rent to the credit bureaus is one of the easiest ways to improve your score.
We analyzed the best rent reporting services on the market and put together our top five based on their fees, rent reporting packages, and average credit boosts. Here’s what we found.
The Best Rent Reporting Services in 2023
- BoomPay (Best Overall)
- Credit Rent Boost
- Rental Kharma
- Rent Reporters
- Esusu Rent
The Best Rent Reporting Services Compared
|Brands||Upfront Cost||Recurring Fees||Average Credit Boost||Bureaus Reported To||Past Payment Reporting||Better Business Bureau Scores|
|BoomPay||$10||$3 per month||5 to 100 points||Experian, Equifax, and TransUnion||Yes||N/A|
|PaymentReport||$0||$2.95 per month||5 to 100 points||TransUnion and Equifax||Yes||N/A|
|Credit Rent Boost||$25 if only paying for recurring||$5.95 per month||30 to 100 points||TransUnion and Equifax||Yes||A+ rating and 4.6 of 5 stars|
|Rental Kharma||$50||$8.95 per month||40 points||TransUnion and Equifax||Yes||Not rated and 1 of 5 stars (only two reviews)|
|Rent Reporters||$94.95||$9.95 per month||40 points||TransUnion and Equifax (Experian pending)||Yes||A- rating and 3.71 of 5 stars|
|LevelCredit||N/A||$6.95 per month||50 points in two years||TransUnion and Equifax||Yes||A- rating; no customer reviews|
|Esusu Rent||N/A||$50 per year||51 points||TransUnion and Equifax||Yes||N/A|
BoomPay (Best Overall)
BoomPay’s BoomReport product is our top choice for the best rent reporting service on the market in 2023. They charge far less than their competitors, share up to 24 months of past payments, require nothing from your landlord, and report to all three major credit bureaus.
There’s a $10 enrollment fee to sign up for BoomReport, but after that, they’ll report up to 24 months of rental payment history for just $25.
If you want to purchase ongoing rental payment reporting, you can do so for as little as $2 per month if you subscribe for a year. If you’d prefer to sign up for a month at a time, it’s only a dollar more. You can cancel whenever you like.
BoomPay claims that their customers see an increase in their credit score between 5 to 100 points. That’s a wide range, but their reasoning is fair – it’s impossible to predict how much benefit you’ll receive.
They also report that you’ll see an impact on your credit score around ten days from the date they submit your data to the credit bureaus, which they’ll do within 48 hours of your enrollment in the program.
There are three primary reasons to choose BoomReport over its competitors. First, their prices are second to none. You can buy two years of past reporting and a year of ongoing reporting for only $57. From then on, it’s just $3 per month to keep going, at most.
The nearest competitor, Credit Rent Boost, charges $60 to report the past two years of activity and $5.95 per month. That’s roughly double the price on all counts.
Second, they’re one of the only rent reporting services on the market to report to all three credit bureaus. That’s a massive benefit, and it would be enough to set them apart from the others, even if they didn’t already have the best prices.
Third, BoomPay doesn’t need to even talk to your landlord. They verify your rent payments through your bank account. This is a huge benefit!
With other rent payment services, your landlord or property management company needs to get on the phone with the rent reporting service. If they don’t want to or are hard to get a hold of, you can’t get your rent payments reported.
BoomReport allows you to skip all of that by checking your bank account records themselves. It’s done electronically, so you don’t need to submit bank statements, and it’s 100% secure to do so.
Also Read: BoomPay Review
BoomReport doesn’t mention any discounts for additional renters, which means you can’t add your spouse or roommate to your account. However, because their rates are so much lower than their competitors, you can pay separately and still come out ahead.
We also saw a few bad customer reviews from the past about glitches in the app, but it looks like those are all fixed now.
PaymentReport ranks competitively on this list of companies. They have low prices, a past payment reporting option, and payment verification through either property management or your bank account.
One feature that stands out is that additional roommates or spouses are free to include, assuming that everyone is included in the same rent payment. Since most other services charge additional fees for this, this really sets PaymentReport apart.
PaymentReport has two plans: the monthly plan and the flat-fee plan. The monthly plan has no set-up fee. Ongoing reporting is $2.95 per month, and past reporting can be done for $0.50 per month. So if you want to report 24 months of past rent payments, it would cost only $12.
The monthly plan requires rent payment verification through Plaid or Proof of Payment uploads. Plaid connects directly (and securely) to your bank account.
If you can’t or don’t want to connect your bank account, then you can still use PaymentReport through the Flat-Fee Plan. It’s a one-time payment of $49. This includes up to 24 months of past payment history and ongoing monthly reporting.
The Flat-Fee Plan does require your landlord or property manager to verify your on-time rent payments.
First, their prices are low. Win.
Also, I really like that PaymentReport has multiple ways for people to verify their rent payments: through your checking account and landlord verification. In fact, they also have proof of payment uploads. This allows you to upload proof of payment for tenants that may not be able to verify all 24 months through Plaid.
Bottom line: PaymentReport wants to make it really easy for you to work with them.
As mentioned earlier, including roommates for free is another great value-add.
Like most of the companies on this list, PaymentReport doesn’t report to Experian. That is the main negative of their service.
We also weren’t able to find many reviews about PaymentReport online. The Google Reviews that they do have are overwhelmingly positive, though.
Overall, PaymentReport is a great service.
Credit Rent Boost
Credit Rent Boost is another great rent reporting option. After BoomReport, they boast the highest average credit boosts while charging the lowest fees. They also offer a healthy discount if you want to add a second or third renter.
Credit Rent Boost offers past reporting for two years of rental payment history. It costs $45 to report the past 12 months and $60 for 24 months.
If you want to report a second or third renter’s history, it costs $90 for 12 months and $120 for 24 months.
Credit Rent Boost claims people who take advantage of their rental history reporting service see an average increase to their credit score of 20 to 60 points within two weeks.
Their recurring rent reporting option costs $5.95 per month or $45 per year if you pay it all at once, which works out to $3.75 per month.
To add a second renter, you’d pay $7.95 per month or $80 per year ($3.36 per month). A third renter costs $9.95 per month or $105 per year ($2.92 per month).
Unfortunately, if you use their monthly payment option, you’ll also have to pay a one-time $25 enrollment fee.
Credit Rent Boost claims that people who use their past and ongoing reporting services in combination see an average increase to their score between 30 and 100 points.
If you can afford their past and ongoing reporting services, they give the highest average increase to your score for the lowest price. They also let you add a second or third renter for much less than many other services.
Credit Rent Boost is also easy on your landlord. If you live in a rental property that belongs to an individual owner, all they need to do is provide their photo ID or verify their identity over the phone.
If you rent from a property management company or apartment complex, Credit Rent Boost waives that requirement. Best of all, if your landlord or property manager doesn’t cooperate, Credit Rent Boost will give you a full refund.
If you don’t have the money to pay for your services all at once, Credit Rent Boost becomes less competitive from a price perspective due to the $25 enrollment fee.
Also, their website design looks cheap and outdated. But don’t let that fool you – they’re a real company. They’re accredited by the BBB, have hundreds of positive customer reviews, and have been verified by the credit bureaus and national news.
Also Read: Credit Rent Boost Review
Rental Kharma is a jack of all trades rent reporter. They’re more flexible than the other providers on this list and let you customize your services in many different ways. Overall, they’re likely the most balanced choice, if not a standout in any category.
Rental Kharma has an unavoidable one-time setup fee of $50. Fortunately, that includes an automatic report of up to six months of past rent payment information.
If you have more than six months of past rent payments that you’d like to report, you can pay another $60, and they’ll share all of it with the credit bureaus, even if it’s past the typical 24-month limit.
You can pay $25 to add a second renter to your account, and the $60 fee will cover both of you. Ongoing reporting costs $8.95 per month for the first renter and $5 per month for a second one.
Rental Kharma claims that you’ll see a 29-point increase on average after two to three months of ongoing reporting. If you pay for at least two years of past reporting, they claim you’ll get 40 points on average.
Finally, they say renters that combine two years of history and a year of ongoing payments report increases over 100 points.
Rental Kharma’s most significant advantage is its flexibility, especially with its past reporting options. You get six months free, but you can also get your whole rental history reported for roughly the same price that others charge to share for 24 months.
Rental Kharma’s balanced offering is a double-edged sword. It does pretty well by most measurements, but it’s not a standout in anything.
The value-to-price ratio is in the middle of the pack unless you can take advantage of the $60 all-time past reporting option.
Read the full review: Rental Kharma Review
RentReporters has been rent payment reporting since 2012 and has maintained a positive reputation for nearly a decade. Their prices are nothing to write home about, but they’re well-established and have solid customer service.
Rent Reporters is the only rent reporting service on this list that doesn’t charge anything extra for reporting your past rent payment history to the credit bureaus. They’ll report up to 24 months of rental history for free.
Unfortunately, they can afford to because they more than make up for it with their $94.95 signup fee, which they charge whether you choose the monthly or annual plan.
If you take the monthly option, you’ll pay $9.95 per month through the end of the year. If you take the annual plan, you’ll pay $95.40 upfront. That works out to $7.95 per month.
You can add an additional renter to your account, and they’ll receive a $50 discount off their signup fee.
RentReporters claims that their users see an average increase to their credit score of 40 points.
RentReporter’s primary selling point is their longevity. They’ve been around for a long time, and you can feel confident in the quality of their systems and auxiliary services.
For example, they offer a free copy of your VantageScore each month that lets you monitor your improvement. You won’t get a free credit report, though, so you’ll have to go elsewhere for that.
You can also enroll in their free RentCheck service, which lets them verify your online rent payment without having to contact your landlord by monitoring your bank account activity.
In addition, they’ll give you a full refund if you decide you’re not satisfied within 48 hours of adding your rental history to your credit report.
Finally, RentReporters claims that they’ll soon begin reporting to Experian in addition to the other two major credit bureaus.
The most significant downside to RentReporter is their unavoidable $94.95 signup fee. That’s much higher than many of their competitors.
It may be worth it if you can take advantage of their free rental history reporting, but if not, they’re probably not the right fit for you.
Read the full review: RentReporters Review
LevelCredit is unique on this list in that they allow you to report your cell phone and utility payments in addition to your rental activities. They were founded in 2019, making them the youngest but also the most modern option.
LevelCredit lets you report up to 24 months of rental, utility, and cell phone payment history to the credit bureaus. It costs $49.95, but the addition of your utility and phone payments makes it an attractive offer.
Note that the additional activity does provide more value, but it’s probably not triple the value of reporting your rent payment alone.
Also Read: How to Rent With Bad Credit
The size of the monthly payment matters to the credit bureaus, and it’s less impressive to keep up with a $100 phone or utility bill than it is to stay on top of a rental payment that may be more than ten times that amount.
LevelCredit also reports your recurring monthly payments for all three activities. There are no upfront charges, and their monthly fee is only $6.95 per month.
The company hasn’t been around for long, but they claim that their customers see an average increase to their credit score of 20 points in two months and 50 points in two years.
LevelCredit’s most significant advantage is that they let you report your rental, phone, and utility payments to the credit bureaus. That’s unique, and it will likely benefit your credit score more than rental payments alone.
The company is also younger than the other options on this list, and they have a correspondingly modern feel. They don’t have an app yet, but their website is sleek and intuitive.
In addition, instead of having to verify payments with your landlord, they can monitor them automatically by connecting directly and securely to your bank account.
Unfortunately, LevelCredit doesn’t provide any discounts for a second or third roommate. That means if you have a roommate or spouse who would also like to report their payments, they’ll have to pay full price for a separate account.
Esusu Rent is a rent reporting company that works to make building credit and renting affordable for everyone. In addition to rent reporting services, they also provide rent relief for customers experiencing financial difficulties.
Esusu Rent reports up to 24 months of your past rental payments for $50. They’ll also share your ongoing rental payments for another $50 per year. There’s no monthly payment option, but that works out to $4.16 per month.
Interestingly, Esusu shares more data on the effect their accounts have on customer credit scores than their competitors.
First, they claim that the average credit score increase among their customers between January 2020 and 2021 was 51 points. That’s higher than most of the others on this list, at least over a year’s term.
In addition, they claim that more than 3,465 of their customers were able to establish prime scores by reporting rent through their services after starting with no credit score or credit history. In the FICO credit model, that’s a score of at least 670.
Finally, they report that the highest credit score anyone has achieved through Esusu is 833 – close to perfect. That might not mean much, though, since that person likely started with an excellent credit score already.
The most attractive aspect of Esusu’s services is its high value for such a low cost. There are no enrollment fees for ongoing reporting, just a single payment of $50 per year, which is lower on a monthly basis than many of their competitors.
You can get two years of past rent reporting for another $50, which is also a pretty good deal, though less unique.
Their rent relief service is an added bonus if you ever struggle to keep up with your rent payments. You’ll have to pay back any financial support they give you eventually, but there are no fees or interest on the balance.
Like LevelCredit, Esusu doesn’t have any discounted options for multiple renters. If you have a spouse or roommate, they’ll have to sign up for the service separately.
They’re also not yet well-established enough to have a profile on the Better Business Bureau, so there’s less reliable data online about previous customer experiences.
How Much Will Rent Reporting Services Increase My Credit Score?
It’s impossible to say how much rent reporting services will increase your credit score for several reasons.
First of all, your starting credit score matters. If you have a poor credit score of 500, you’ll see vastly different results after using a rent reporting service than you would if you began with a good credit score of 700.
Second, the composition of your credit score matters. Two people can have the same credit score but for different reasons.
For example, you might have a 600 credit score because you’re just out of college and missed a payment on your only credit account. You’d get different results from a rent reporting service than someone with a 600 credit score due to an old bankruptcy.
Finally, the service you use and how you use it matters. Someone who employs Rental Kharma’s past reporting service will get different results from someone using Credit Rent Boost’s recurring service.
All that said, you can generally expect rent reporting services to provide a modest boost to your credit if you have a fair score and make all your payments on time.
How Do I Report My Rent to the Credit Bureaus for Free?
Unfortunately, you can’t report your rent to the credit bureaus for free. Most rent reporting services charge you an upfront fee, a recurring fee, or both.
That’s not just because they want to make a profit off of you. It’s because they also have to pay something to share your rent with the credit bureaus. If they offered their services for free, they’d be losing money.
The cost of reporting to the credit bureaus is one reason why most landlords don’t do it for you and why creditors may choose not to do it with every credit bureau. There’s a separate fee for reporting to each one.
Usually, the only way to report your rent to the credit bureaus without paying out of pocket yourself is if your landlord decides to foot the bill for you. Some offer that benefit to attract better renters.
How Do I Add My Rental History to My Credit Report?
Unfortunately, there’s no way for you to add your rental history to your credit report personally, but a third-party service can do it for you.
Look for a rent reporting business that offers past payment reporting. That’s a separate service from recurring rent reporting, which refers to sharing your ongoing rent payments with the credit bureaus.
Here are some of the best past payment rent reporting services on the market:
Esusu: $50 fee to report up to 24 months of past rental payments
LevelCredit: $60 one time free to report all past payment history
Credit Rent Boost: $45 for past the 12 months and $60 for the past 24 months
If you’re trying to increase your score with a specific credit reporting agency (credit bureau), double-check that the service you choose reports to them. Most only work with one or two agencies.
To decide which rent reporting service is best for you, consider your unique tenant record and rent history.
For example, Rental Kharma might make the most sense if you have ten years of on-time rental payment data since they’ll report all of it for $60. However, if you have only 24 months, you could get it all onto your credit report for $50 with Esusu.
Also, keep in mind that reporting rent won’t be enough to build a complete credit profile. You’ll need a decent mix of credit accounts if you want to have excellent credit. Secured credit cards are a great place to start.
Lenders are more willing to give them to people with bad credit than a traditional credit card because they require cash as collateral. Fortunately, secured credit card payments have just as much of an impact on your score as unsecured ones.
- Does Rent Affect Credit Score?
- Rental Tradelines: The Secret to Building Your Credit with Rent | Digital Honey
- How to Rent With Bad Credit
- Credit Rent Boost Review
- RentReporters Review
- Rental Kharma Review
- The 10 Best Apps for Landlords to Collect Rent
- How to Report Rent Payments to Credit Bureaus for Free
- BoomPay Review: Is It Legit? | Digital Honey
Nick Gallo is a Certified Public Accountant and content marketer for the financial industry. He has been an auditor of international companies and a tax strategist for real estate investors. He now writes articles on personal and corporate finance, accounting and tax matters, and entrepreneurship.