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Rating by Finanso®

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About lender

Credit My Rent is a rental history reporting service that builds its customers credit score by reporting their monthly verified rent payments to two of the three major credit bureaus. They communicate such information to TransUnion and Equifax and collaborate with the landlords. The procedure allows the credit score to reflect your responsible financial behavior.

Credit My Rent is one of the services provided as a part of the United Credit Education Services (UCES) Protection Plan. The UCES Protection Plan identified a gap in the market for rent reporting and set out to assist individuals to build credit ratings. It enables you to pay your rent to acquire homes more easily at more favorable borrowing rates. To build Credit My Rent, United Credit Education Services conducted extensive research and spent much time on product development.

Pros and Cons

To make the most out of a rent-reporting service, you should know the credit bureaus that the business will report your verified rent payments and how those payments affect your credit score. Review the advantages and disadvantages before making a choice.


  • Simple to operate, making it ideal for novices

  • Reasonable price

  • Helps you build credit

  • Has an online gateway that verifies customers' IDs

  • Reports up to 2 years of rent to two major credit bureaus.


  • Eligibility depends on the details of the leasing agreement

  • There is an additional fee for a rental history spanning 24 months

  • Credit My Rent does not send its data to Experian

Rent reporting adds a tradeline to your credit report to build credit without growing your debt. Alongside Credit My Rent, you don't need to alter the way you pay your rent. The company makes it as simple and hassle-free as possible to establish credit through rental history payments. In contrast to other organizations that need you to pay your rent directly, Credit My Rent pays your rent on your behalf. The company ensures it leaves no one in a state of confusion using their user-friendly portal and system.

Terms and conditions

Credit My Rent allows you to pay your rent for one of three distinct payment options. If you need to report previous rent for up to two years, you will be legally obliged to pay an additional setup fee that varies depending on how far back in time you want to look. The company conveys your information to two credit bureaus and collaborates with your landlords. However, each plan provides a solution for you, regardless of whether you choose to report previous rental history payments made toward your obligation. You can choose the bronze tier and pay $14.95 monthly, irrespective of your previously verified rent payments history. Monthly plus one year of payment history costs $14.95 per month and a one-time setup fee of $99 in the Silver tier. And monthly plus two years of payment history costs $14.95 per month and a one-time setup fee of $149 for the Gold level.

Credit My Rent will have an option to pay an additional one-time cost to add up to two years' rental history to your account. If you pay your rent with the monthly charge, Credit My Rent will add new information to the customer's credit profile every month following membership in the service. It includes adding a new rent payment to the customer's credit report each month and maintaining that trade line as an active account on the customer's credit record. Credit My Rent gives their information to Equifax and TransUnion but not to Experian.

For instance, a fully verified customer registered for monthly plus 2 years past reporting will have 24 rental history payments reported to credit bureaus on their first reporting date. Then, they will disclose another rent payment each month after that. It will continue for as long as the customer maintains their enrollment in the Monthly + 2 Year Past Reporting service. When a consumer's credit score is higher, they have more opportunities to save money through reduced interest rates and increased financing options.

Funding a loan

Credit My Rent's registration takes only approximately five minutes to complete. They will begin the verification process once you have created an account and entered all your correct leasing information. This procedure could take some time if you did something incorrectly. Once the leasing information has been validated, it can take anywhere from three to forty-five days for the process to be completed. Credit My Rent will provide you with an online interface which you may monitor your status and examine qualified rent data.

After that, they will connect your rent payments from their three-phase security integration. Then, your payments will be automatically verified using your transaction history. The Credit My Rent team of verification professionals will then go to work immediately verifying information and working towards reporting your rent to either TransUnion or Equifax. They will report each payment you make each month. They will use your pre-existing credit card or debit card information to make the initial payment on your account. You can pay your rent through direct debit from your bank account, or you may select one of the various payment methods offered by Credit My Rent with some restrictions applied. They will charge you on the same day each month, but you can cancel your subscription anytime through their user-friendly website.

Credit My Rent reporting services

Credit My Rent will verify any positive rent history on your behalf to provide you with an increase in your credit score. It is impossible to predict how much rent reporting services will build credit score for various factors. Pay your rent on time, but it will not help you develop credit on its own. On the other hand, reporting your rental history payments can help you create credit. It is especially true if you are new to the concept of credit or do not have much experience with it. If you rent a place again in the future, having information about your past rental history included in your credit report can be helpful. Tenants who can demonstrate suitable rental history payments are typically given preference by landlords.

Your credit score when you start is the most crucial factor to consider. The results of operating a rent reporting service would be very different if you began out with a weak credit score of 500 instead of an excellent credit score of 700. The difference will be significant. Different circumstances can lead to the same credit score being held by two people. For instance, you might have a credit score of 600 if you only recently graduated from college and have one credit account, but you haven't paid that account in quite some time. A customer with a credit score of 600 due to a previous bankruptcy may have different outcomes when using a rent reporting service than someone with a higher score.

In conclusion, an essential factor to consider is not just the service you use, but also how you use it. Someone who uses the recurring service offered by Credit My Rent will get results distinct from those taken by someone who uses a different credit reporting service. You can usually predict rent reporting services to deliver a minor increase to your credit score, so long as you have an acceptable credit score, and you pay your rent on time.


What is Credit My Rent?

Credit My Rent is a service that notifies Equifax and TransUnion, two of the three major credit bureaus, about your monthly verified rent payments. It will assist you in building credit, and you will be able to include up to twenty-four months' worth of verified rent payments.

Is Credit My Rent legit?

Credit My Rent is an authentic rent reporting service that has been proven effective in raising one's credit score. It is entirely legal and employs a three-phase security system that is the most advanced in the industry.

How does Credit My Rent work?

Sign up for Credit My Rent's 7-day trial program and provide your lease information. They will build credit by validating your lease information and reporting your rent. After your trial time ends, your account will auto-renew for a monthly cost, which they will add to your monthly rent.

What credit bureaus does Credit My Rent report?

Credit My Rent is the source that provides Equifax and TransUnion with information regarding rental history payments.

Company documents

Terms and Conditions
Privacy Policy

Enroll in Minutes, Build Credit Within Days!

© Credit My Rent

What to focus on before applying for a loan with CreditMyRent

To ensure the lender is legitimate, check if it meets the following criteria:

How do you know if a loan company is registered?

The lending company is registered with the US Securities and Exchange Commission (SEC) and has a tax identification number (EIN). Note that tribal lending companies operate under the jurisdiction of tribal laws, and they don't have to register with the SEC. But still, tribes must act under federal consumer protection laws enforced by the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC).

According to the FTC requirement, the lending company is registered in your state, excluding tribal lenders abiding by tribal and federal laws only. That is why tribal lending companies can charge interest rates exceeding your state's maximum.

Finally, the State Attorney General can verify the registration of the lending company if you need additional proof of whether it is legitimate.

If a US lending company scams you, please report to local law enforcement, your state attorney general, CFPB, or FTC.

Finanso® also recommends

Learn the total cost of a loan, including:

It will be best to read a loan agreement carefully before signing it. If any part of the agreement seems incomprehensible, do not hesitate to ask the lender about particulars.

Remember that you don’t have to make an immediate decision when considering getting a loan. However, you must be sure that you are ready to repay following your loan documents. If the lender’s terms and conditions are uncomfortable for you, you are free to search for another proposal, as there are about 780 lending companies in the US.

What’s the difference between CreditMyRent and a bank?

  1. You need to have a good credit history to qualify for a credit card with a bank. In contrast, even bad credit history debtors can borrow money from US lenders with personal or payday loans. 
  2. Interest rates and annual percentage rate for a loan with an online lending company are significantly higher than with a credit card released by a bank.
  3. Applying for an online loan with a lending company doesn’t require paperwork or even visiting their office. Instead, a borrower can apply entirely online and receive money via direct deposit on the next business day.
  4. The online lending business is high-risk for investors, and their capital is not protected from unfair borrowers.
  5. A loan with legitimate loan companies for bad credit is a simple but expensive form of borrowing to resolve financial hardship.
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All CreditMyRent’s reviews by October 2022
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