There are 3 steps to reporting your rent to the credit bureaus.
(1) Enroll: Download the Boom App here to enroll in BoomReport. Enrolling in BoomReport using the Boom app takes less than 7 minutes.
We will need your Social Security number, date of birth, address, and a copy of your rental agreement.
You will need to link (via Plaid) the bank account you pay your rent
You can link your rental portal as well (Optional)
You must link the bank account(s) used to pay rent. Boom accepts rent payments made via Zelle, Cash App, Venmo, check, ACH, rental portal, and more.
We do not accept cash, money orders, or cashiers checks.
We do not accept rent receipts.
We do not call your landlord to verify if rent was paid.
(2) Boom verifies your data: After you enroll, Boom verifies your identity, payment, and lease data. We will let you know if there is an issue. We do not perform a soft or hard credit pull.
Chat with our team via the in-app chat button if you made a mistake.
(3) Your credit report is updated: If Boom verifies your past rental payments, you will see your rental tradeline added to your credit report within 30 days of us verifying your rental payment history. As you continue to pay rent each month, additional positive payments are added to your rental tradeline on a monthly basis.
On average, our customers see a credit score increase of 28 points, up to a maximum of 105 points.