Rent Reporters
Founded in 2012, Rent Reporters is the oldest rent reporting service on our list. Unlike some of their early competitors, Rent Reporters has maintained a reputation for excellent customer service and results. They hold a Better Business Bureau score of A-, and 3.71 out of 5 stars on handling customer complaints.
Rent Reporters says that their average customer sees a credit increase of 35 to 50 points within the first billing cycle. Some customer testimonials report increases of 100 points or more.
The total cost of Rent Reporters is in the middle of the pack. They are the only reporting company on this list that doesn’t charge an additional fee for reporting 24-months past rent. That’s balanced out by higher costs signup and ongoing fees. iscount on the signup fee. It can’t hurt to ask!
If you don’t have a rental history to report, this is probably not the deal for you, since 24 months of rent history is bundled into the price.
Rent Reporters offers an exceptional $50 discount for reporting for a spouse or roommate. You can also add a second landlord for $50, useful if you have a business and rent space for that. Expedited reporting is free with an annual subscription.
Rent Reporters does not report to Experian. They do offer expedited reporting which can be useful if you are applying for new credit and you need an immediate boost to your score.
Rent Reporters has had some customer service issues leading to a lower score with the Better Business Bureau. It has still outlasted its older competitors and managed to address many of the customer service and billing glitches.
LevelCredit
Level Credit allows reporting of rent, utility, and cell service payments all as separate lines of credit. You can get 24 months of history reported for all three. Level Credit is one of the cheapest services on our list. Since you get multiple tradelines on your credit report, we rate it as the best value.
Level Credit is also the only rent reporting company to make the list that doesn’t allow you to add a second person, such as a roommate or spouse. The second person will have to pay the full fees, making it a more expensive option long-term for two or more people sharing rent payments.
While Level Credit doesn’t provide exact figures of average credit boost, you can expect a similar boost to other rent reporting companies.
Rent Report Team
Founded in 2017, Rent Report Team reports to all three major credit bureaus: Experian, Equifax, and TransUnion. That assures that your rent payments will show up on all https://maxloan.org/title-loans-il/ of your credit reports.
Rent Report Team says clients can increase their credit scores by 25-50 points or more within 15 days. The average score increase is 30-50 points, slightly higher than some others on this list.
Rent Report Team will add an additional person to an account for only $1 more per month. $9.99 a month to report two people to all three credit bureaus gives Rent Report Team one of the cheapest options on the market.
Rent Report Team also allows for reporting of multiple leases as separate tradelines. If you rent a commercial space as well as a home, each can be reported separately, doubling the impact on your credit.
Rent Report Team gives you a choice of whether you want to report 24 months of rental payments or less, even just 3-4 months. For many consumers, even six months of rental payment reports are enough to create a more robust credit file. If you don’t have 24 months of rental history you can pay less and report what you have.
