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Reporting rent payment to credit bureau

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Deb-NS | 13 Oct 2015, 06:00 PM Agree 0
Hi everyone, I'm hoping you can help me with a question. I'm trying to entice some folks to buy a 2-unit building in NS through a lease-to-own structure. While I can find lots of options for reporting rent to credit bureaus in the States (and often for quite reasonable rates), I'm having a hard time finding any services up here in Canada. He is trying to build his credit and I know it may not affect his credit score, but we figured it wouldn't hurt. Also, I think if I write it into future leases that payments would be reported, that it may mean less hassle collecting rents at the beginning of the month. Does anyone have a service they use? Any other suggestions would be most welcome. Thanks so much.
  • jon | 22 Oct 2015, 08:01 PM Agree 0
    Google Tenant Verification Services. I have used them and they have been good.
  • Deb I | 19 Nov 2015, 08:37 PM Agree 0
    Thank you!
  • Marv S | 17 Aug 2016, 02:55 PM Agree 0 is reporting rent payments to Equifax Credit bureau. Positive and negative pay habits are reported, so if a tenant makes rent payments on time, he/she can develop a good tenant history which should negate a bad credit history. This site benefits landlords, property managers and good tenants.
    • georgetgonzales | 01 Sep 2016, 09:14 AM Agree 0
      During enrollment, you can report payments made in the previous 24 months. It reports to TransUnion.
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