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Am I eligible for BoomReport?

To be eligible for BoomReport, you need to meet three requirements: be an active residential renter, have a formal lease agreement, and pay rent via a bank account or bank-linked payment method.

Written by Roarke Anderson

Requirement 1: Be an active residential renter

You must be currently renting a residential property.

Not eligible:

  • Property owners: If your name is on the title or deed of the property, you are considered an owner and cannot use BoomReport.

  • Commercial renters: BoomReport cannot report rent paid for commercial properties.

Requirement 2: Have a formal lease agreement

You must have a formal, legally binding housing document, such as:

  • A lease or sub-lease

  • A roommate agreement

  • Any other legally binding housing document

Verbal agreements or handshake arrangements are not valid for enrollment.

Requirement 3: Pay rent via a bank account or bank-linked method

You must pay rent using a method that can be verified through a bank account. You do not need to change how you pay rent β€” simply continue paying the same way you always have.

Accepted payment methods:

  • ACH (bank transfer) or check

  • Direct deposit

  • Online rental portal or landlord/utility provider portal

  • Venmo, Zelle, or PayPal

Not accepted:

  • Cash

  • Money orders

  • Cashier's checks

During enrollment, you will connect the bank account you use to pay rent. Boom will automatically search for your rent payments each month using advanced matching technology and report them to the major credit bureaus.

πŸ’‘ Tip: If you pay through a rental portal, you can also link your portal during enrollment. This is optional but helps speed up the verification process.

Ready to enroll?

Get started today! Download the Boom app here.

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