Epic Journey, Entrepreneur
Why I Joined RentReporters:
I did not have a history of using credit, so my credit history and score were basically nonexistent. Without a credit score, life can be difficult – you can’t get what you need in life, like approval for unsecured credits card and a good deal on auto loans.
I decided it was time to take steps to start building my credit score. After doing some research, I knew that I wanted to find a way without having a hard inquiry and using a secured credit card, which would require a huge amount of money as collateral. So, I started on my credit journey and signed up with a company that said they could help – but after 3 weeks, they didn’t even process my application! So, I looked online to see what other services were available.
I came across RentReporters, and read the customer success stories and how their process works. I liked what I read, so decided to give them a try. I signed up in October 2016, and in about 3 weeks, I saw that my score went up. Today, my score has increased by 126 points, and 50 of those points are from RentReporters!
After Joining RentReporters:
RentReporters reported my past history of rent reporting – up 24 months, so I now have a credit history! For the first time, paying rent gave me a benefit aside from having a place to live. It changed my financial status.
With my new credit score, I can get better rates on a car loan. I was also approved for credit cards without having to pay a security deposit. I’m still working on building my credit to help build my business credit.
My Experience with RentReporters:
RentReporters did what they said they would do. They were responsive and answered my questions. As a result of my experience with them, I have recommended them to friends and family. I believe in giving credit to where credit is due. If you’re doing everything on your end the right way, you should get credit, and that includes for paying your rent on time. It’s one of the biggest costs many of us have, and until now, you don’t get credit for that. You get credit if you pay your credit card bill, car note, and mortgage. But if you’re not a homeowner, you don’t get credit for the biggest expensive you have – rent, and that makes no sense to me.