Do you want to rent a better apartment?
Do you want to get a better cell phone plan?
Do you want to be billed for your utilities rather than prepaying?
To be able to make the best choices in your life, it helps to have access to better financial products. And to do that, you need a good credit score. But if you’re like the 26 million Americans who have no credit history with a nationwide credit reporting agency (NCRA) – or are “credit invisible” – then getting access to credit can be challenging. Why? Because lenders don’t want to give you credit if you don’t have a credit report to assess your creditworthiness.
Being credit invisible can happen to anyone – from newly graduated students and military personnel returning from overseas to individuals on their own for the first time. Being credit invisible does not mean you are not worthy of receiving credit. You’re already paying your bills on time. It’s just that your payment history, like rent, isn’t being included in your credit files.
Now you can take action and change this. You just need to get on the radar by having your responsible financial behaviors reported to the NCRAs. RentReporters is doing just that – reporting on-time rent payments to TransUnion, one of the three major credit bureaus.
Imagine the possibilities that would be available to you with a better credit score. What if you could get a better deal on your cell phone plan? What if you could end prepaying for your utilities and receive a bill for your monthly usage? What if you could get an affordable loan to purchase or lease a car? What If you could get a better rate on your credit card or consolidate your debt? What if you could realize the dream of home ownership?
If you’re paying rent, then it’s time to start building your credit history in a way that can actually change your life. RentReporters is helping the millions of renters do just that by reporting on-time rent payments to TransUnion.