What is rent reporting?
Rent reporting is the monthly reporting of tenant rent payments to the major Canadian consumer credit bureaus (Equifax and TransUnion) for inclusion on a traditional consumer credit report.
Why should I care about rent reporting?
Reporting on-time rent payments to credit bureaus can help build credit history, make your next rental application more competitive, and ultimately help you qualify for a mortgage and other credit products sooner.
How does Credit Builder help me build credit?
By reporting your rent payments to Equifax with Credit Builder, you are adding new tradelines to your credit report. By adding on-time rent payments to your credit report, you are helping your credit score by:
Improving your payment history.
By consistently paying your rent on time, you are showing potential lenders that you can be trusted with credit. On-time payments have the most positive impact on your credit score, and the more there are the better!
Increasing your credit mix.
Diversifying the types of credit on your credit report also has a positive impact on your credit score by showing that you can juggle multiple types of credit at the same time.
Lengthening your credit history.
If you're new to credit (or "credit-invisible" in Canada) and you're already paying rent, you can use that to start building credit history without resorting to debt.
Who can use Credit Builder, and how much does it cost?
Credit Builder is a Chexy Plus feature. It's included with an active Chexy Plus membership — on either the Monthly or Annual plan — at no separate charge beyond your membership fee.
Legacy access: If you had Credit Builder active before June 19, 2026, you can keep using it for free without a Plus membership, for as long as you remain eligible. This access is personal and can't be transferred.
To learn what else is included with Plus and how to enroll, see Chexy Plus Membership: what's included and how much it costs.
*Standard Chexy fees still apply to your monthly rent payment, separately from your Plus membership.
How much will Credit Builder improve my credit score?
Although we can't know exactly how much impact Credit Builder will have on any individual's credit score, we can be sure that at least six months of successfully reported rent payments will have a net positive effect, all other factors equal.
Your ultimate credit score takes into consideration a variety of different factors including your credit utilization percentage, age of open credit lines, and payment history.