What is rent reporting?
Rent reporting is a service that allows renters and tenants to have their on-time rent payments reported to credit bureaus, helping them build a credit history without taking on debt.
How Boom handles rent reporting
Boom's rent reporting service works by:
Verifying that your rent payments were made on time
Submitting that payment data to all three major credit bureaus on your behalf
How rent reporting benefits renters
By reporting on-time rent payments through Boom, renters and tenants can:
Build a positive credit history using payments they're already making
Improve their credit profile without adding new debt or loans