It’s as easy as 1, 2, 3. Here are the three things you need to be eligible to enroll in BoomReport:
(1) Be a residential renter in the past 12 months. You must be a renter who is currently renting or have moved out in the past 12 months. If you are on the title or deed of the property, you are an owner and we cannot report your rent. Additionally, we cannot report rent paid for commercial properties.
(2) Have a formal lease agreement. This is defined as a formal, legal document such as a lease, sub-lease, roommate agreement, or other legally binding housing document. Handshakes or verbal agreements are not valid.
(3) Pay rent via a bank account or a bank-linked method. Acceptable rent payment methods include ACH, check, direct deposit, online rental portal, your landlord / utility provider portal, Venmo, Zelle, or PayPal. We accept all rent payment methods except cash, money orders, or cashier’s checks.
You simply continue to pay your rent the same way that you always have.
You will need to connect to the bank account you use for these payments during enrollment. Boom will automatically search for these payments each month using advanced matching technology, and send them to major credit bureaus as we find them.
If you pay through a rental portal, you can link your portal. This is optional, but it helps expedite the verification process.
Get started today! Download the Boom app here.