A premium Rent+Bills subscription finds and reports your verified rent, cell phone, electric, water and gas payments each month to major credit bureaus. It reports rent payments to Experian, Equifax, and TransUnion and bills — like gas, electric, water and cell phone payments — to TransUnion.
For rent, you pay as you always have, whether that’s through direct deposit, your property manager’s online payment portal or other peer to peer payment services.
How does it work?
- Create a Rent+Bills account.
- Connect your bank account through Plaid so Rent+Bills can find and report your payments to the credit bureaus.
- Select the payments you want reported.
- Add up to 24 months of past rent, cell phone and bills for an extra one-time fee with LookBack.
- Rent+Bills then verifies your payments and sends that info to the credit bureaus, though it can take up to 2-3 weeks for some credit reports to update.