RentTrack is a secure credit reporting agency
Rent payments will show up on your credit report as another account. It appears just like a charge card or mortgage, with one key difference: you don’t need to take on more debt to get the credit you should already be earning.
With each payment, you receive a positive mark on your credit report – the longer you demonstrate responsibility, the better your credit.
We pioneered rent reporting withall three bureaus.
Why reporting to all three — is key
Having a good credit score is the key to opening many important doors in your life: it helps qualify you for car loans, mortgages, credit cards, and more. A solid, positive credit track record also can also enable you to procure bigger loans at better rates.
There are many factors that can make (or break) your credit. Take for example, how you handle your credit cards. From making payments to overuse, opening simultaneous new accounts, and how long you keep your accounts open, how well you manage your credit card use (or not) impacts your credit history.
A positive rental tradeline with no added debt on your credit history
A tradeline is the industry's term for an account on your credit report. Those accounts collectively define your credit score. When we process your payment or verify your existing rent payment, we securely report this data to each credit bureau. Every month, you'll see confirmation that your rent was reported.
How does rent show up on my credit report?
Your rental payment information will be included as part of your standard credit report. Your positive rental payment data allows you to establish or build credit history.
Will rent reporting impact my FICO score?
Rent payments are used to formulate your FICO 9 score and VantageScore. You never know what scores lenders will be looking at, so RentTrack reports to all three major credit bureaus.
What type of rent information is in my report?
Your report shows your rental property details and how much your monthly rent payment is. This updates monthly.
How do lenders use my rent information?
Your rental tradeline is used in different scoring models, such as FICO 9 score and VantageScore, and is also accepted by Fannie Mae and Freddie Mac for mortgage decisions.
To do it right, RentTrack sets a higher standard
PCI compliance ensures your sensitive data is protected. We work with an independent security assessor to conduct audits of our processes and systems to uphold the highest PCI standards.
EI3PA is Experian’s compliance requirement to protect consumers' credit data. We hold this certification to uphold our commitment to security.
We are subject to KYC (“Know Your Customer”) and AML (“Anti-Money Laundering”) regulations. This means we verify the identity of all parties in a transaction.
We use the best tools available for SSL Certificates and regular security scanning.
We use state-of-the-art cryptographic algorithms during data transmission and in our databases. We do not store sensitive credit or banking data on our servers.
We treat your information seriously
RentTrack is a certified credit reporting agency. We meet federal and private standards for security.
Secure Customer Communications
Thorough Identity Verification
Public Record Monitoring
Real-Time Credit Account Alerting
Monthly Credit Summary and Score
Award Winning Member Service