Rental Kharma FAQ’s

How much does the service cost?

We charge a one time fee of $45 to report your current lease rent payments. For a additional one-time $45 fee you can report your past rent payments with your current landlord or property manager. You can report up to 2 years of past rent payments.

I have a question and want to speak to someone.

The best way to communicate with us is by using our trouble ticket system. You can also chat with us or give us a call at 888-506-4640.

How much will rent reporting help my credit score?

It would be impossible to provide specific numbers, as credit scores are based on each individual’s unique situation. However, we do promise that renters who use the service benefit by adding positive credit history to their credit report. We offer a 100% Satisfaction Guarantee. You can also read this Blog Post about the topic.

What credit agencies do you report to?

If your landlord has created an account and the payments are verified by the landlord each month, we are able to report your rent payments to TransUnion. In the future we will submit your rental payments to the other credit bureaus at no extra charge to you.

How long does it take for my data to show up on my credit report?

We submit data once a month about 5 business days before the end of the calender month. We suggest that you wait until the end of the next calender month to pull your updated score. It can take over 60 days for rent payments to appear on your credit in certain cases. The timeline for when your rent payments appear on your report is decided by the credit bureaus.

How will rent appear on my credit report?

Rent will be counted as a installment trade line.

Does my landlord need to participate?

Yes your landlord must create an account with Rental Kharma and verify your rent payments each month. If your landlord does not participate your rent payments will not be reported to TransUnion.

How do I verify my rent?

We verify your rent payments with your landlord each month. We will also check with your landlord to verify that you are in good standing and all paid up.

Aren't rent payments already on my credit report?

No. This is a common misunderstanding; however, in the past only negative collection actions for rental history have been reported on credit reports.

What if I split rent?

It’s totally fine if you split rent. Just report the amount you individually pay.

What if I have a spouse?

When couples apply for loans and mortgage, both your individual credit scores are pulled. That is why Rental Kharma requires each person sign up individually for our rent reporting service.

Where do I pay my rent?

You pay your rent in the same manner you currently do.

Why can't I report rent to the Credit Bureaus myself?

A renter cannot self report his or her rent payment history. A neutral, third party verification service is required to submit rent payments to the credit bureaus.

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