Simply paying rent will not help you build credit. But reporting your on time rental payments can help you build credit, especially if you’re new to credit or don’t have much experience using it.

A 2017 TransUnion study followed 12,000 renters for a year as they reported their rent payments. Scores increased 16 points on average within six months after rental reporting began, according to the study. The biggest increase was for scores below 620, which is considered bad credit.

Having rent credit reporting payment information on your credit report can be helpful if you rent again. Landlords prefer tenants who can demonstrate a successful history of paying rent on time.

We will be waiving all fees for 6 months (For the first 150 people) so that we can give you a chance to see what it will do to your scores before you pay. If you want to keep the subscription after that, you will just pay the cost of that service $6.95 a month (One person), or $8.95 a month if you have a spouse or roommate.

There are 4 steps to the rent reporting process.

1. Verification of your identity and rent payments: On your application, we need basic information such as your social security number, date of birth, address, and your landlord’s contact information. Your social security number ensures that your rent history is clearly matched with your credit profile.

2. Verification of your identity and confirm your on-time rent payments both over the last 24 months.

3. Rent reporting to credit bureaus: We report your rent history to at least one of the three major credit bureaus. You’ll receive an email notification when this is completed.

4. Tradeline creation on your credit report: A new tradeline is created on your credit report within 10 business days. You’ll receive a notification when this is completed. As you continue to pay your rent each month, more information is added to this tradeline. This is why it is important to keep your subscription current

A new trade line called “WinWinTradeLines/Residence” will appear on your credit report within 10 days after rental verification and landlord validation.

The only potential downside is that some landlords may be hesitant to participate in this program if they’re not familiar with it. However, more and more landlords are beginning to realize the benefits of rental tradelines and are open to working with tenants who want to improve their credit scores.

Reporting your on-time rent payments to the credit bureaus will add a new tradeline to your credit report which is a BIG deal. On average tenants see their scores increase by forty points.  If you are one of many who may not have a credit score you start building your credit score just by reporting your rent.

Once enrolled leave the rest to WinWin Tradelines we’ll report your payment history for as long as you have been a resident (up to 2 years) and then verify and report your ongoing payments, so that your credit report remains up to date.