Rent payment reporting is one of the fastest ways to boost your credit score. Residents who report on-time rent payments see an average increase of over 40 points. And a higher credit score means more opportunities to save on loans, credit card rates, and maybe even insurance premiums.
For $2.50 a month you can get on the path to a brighter financial future with rent payment reporting through CredHub.
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Sign up, set up your monthly payment and you are on your way to building better credit.
Most people know that a higher credit score opens more doors and can save you money down the road. But do you know all of the ways a higher credit score can help you?
Boosting your credit score means you could:
Have a better chance of getting a personal loan (including car loans)
Pay lower rates on those loans
Have a better chance of getting approved for a credit card
Be likely to get higher credit limits and pay a lower APR
Pay reduced premiums on home, car and other kinds of insurance
Raise your chances of getting a job, since some employers consider credit scores a measure of employment risk
