Good Kharma, in the news.
Rental Kharma has been featured in dozens of mainstream media stories. Rent and utility reporting is becoming one of the most recognized tools for building good credit fast without taking on debt, and national outlets including Forbes, Business Insider and Yahoo Finance have covered it.
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Paying your rent alone will not help you build credit — getting your on-time rent payments reported can help you build credit. The effect can be big, especially if you are new to credit and trying to build a more robust credit file or if you’re rebuilding your credit after a financial mistake.
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Rental Kharma will report all past payment history at your current rental… making Rental Kharma a clear winner for most rent reported.
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Rental Kharma’s standout feature is its 90-day, 100% money-back guarantee, which includes both the setup fee and any monthly fees you have paid to date.
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Reporting on-time rent payments is viewed as a way to reduce disparities in homeownership.
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Thanks to a change to its underwriting system earlier this year, mortgage giant Fannie Mae now includes rental payment history as a factor when considering a person’s mortgage eligibility.
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Another way to build a credit score without taking on debt is to have your monthly rent payments reported to the credit bureaus… there are services, such as Rental Kharma… that will report rent payments on your behalf.
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Nathan Grant, a credit industry analyst for Credit Card Insider, says rent reporting can help improve a person’s VantageScore and their FICO 9 score… For renters who are unable to sway their property managers toward a rent-reporting service, Grant suggests self-service tools like Rental Kharma.
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Companies like Rental Kharma… work with consumers who are either trying to create or improve credit by reporting their rent history to a credit bureau.
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