Adding a rental tradeline to your credit report can help diversify your credit profile and can improve your credit score.
The average Boom customer sees a credit score increase of over 28 points, with some users seeing increases of over 105 points.
Additionally, reporting your rent payments can help give you a credit score if you are a "thin-file" customer with no credit score.
While it is not possible to predict the exact impact on your credit score, generally speaking, the lower your credit score, the larger the impact you’ll see.
Get started today! Download the Boom app here.
Here is an example of a rental tradeline:
