Your credit score is important to a lot of people, including lenders you go to for a loan. Basically, your score is used to determine your loan terms, which are based on the estimated risk that you may fail to pay back a loan. So, the lower your score, the more interest you’ll be charged – and that means you’ll be paying more.
Did you know that if you’re a renter with a low credit score, solutions like RentReporters can help you build and improve your score, so that you can get the best deal? RentReporters does this by reporting you on time rental payments to TransUnion, one of the major credit bureaus.
We helped our customer Artez Dixon improve his score by 32 points, and as a result, he was able to refinance his auto loan and get a lower interest rate. We also helped our customer Vishal Patel improve his score from 660 to 705, and with his new score, he was able to shop around and be approved for the best deal on a home mortgage!
Let us help you, too, boost your credit score. We can help you get there by reporting your on time rent payments to TransUnion.