LOS ANGELES, CA – [March 25, 2025] – The Apartment Association of Greater Los Angeles (AAGLA), a leading trade association representing rental housing providers and real estate professionals, announced today it has reached an agreement with 950 Credit, Inc. which conducts business under the tradename Credit Rent Boost to offer positive rent payment reporting pursuant to new state law, Assembly Bill 2747. Credit Rent Boost’s pioneering solution helps renters build a credit history and strengthen credit scores by reporting monthly, on time rent payments and also allows housing providers to comply with the requirements of Assembly Bill 2747, which is effective as of April 1, 2025.
California’s Assembly Bill 2747 goes into effect on April 1, 2025, and requires landlords to offer their renters the option to have their positive rental payment information reported to one or more of the major credit bureaus. Housing providers can connect with Credit Rent Boost directly, simplifying the process of enrolling renters and authorizing rent reporting. Renters can conveniently submit their monthly rent payments, ensuring accurate and timely reporting to credit bureaus.
“We are thrilled to work with Credit Rent Boost by offering our members another value-added service,” said Daniel Yukelson, Executive Director and Chief Executive Officer at AAGLA. “By connecting Credit Rent Boost with our members and other housing providers, we’re not only helping tenants build better credit scores leading to stronger financial health and long-term stability, but we are also offering housing providers a convenient way to comply with California law under Assembly Bill 2747.”
“We’re excited to work with AAGLA to make it easier for property managers and tenants to benefit from rent reporting,” said Gregg Watkins, Chief Development Officer at Credit Rent Boost. “By streamlining the process and providing a seamless integration, we’re making it easier than ever for tenants to build credit history and achieve their financial goals.”
This agreement marks a significant step forward in the rental housing industry by combining the power of technologies to improve financial outcomes for tenants and landlords. By leveraging the strengths of AAGLA and Credit Rent Boost, this collaboration will help shape the future of property management and tenant empowerment.
About the Apartment Association of Greater Los Angeles (AAGLA). Founded in 1917, the Apartment Association of Greater Los Angeles seeks to promote the highest levels of professionalism within the multifamily rental housing industry. It provides a wide array of services and benefits that meet the needs of rental housing providers of all sizes, including educational seminars and member events, expert operational advice, and an extensive library of forms needed to successfully own and manage rental properties. The Association also serves as a powerful advocate and lobbyist for rental housing providers at the local, county, state, and federal levels of government. For more information, go to: www.aagla.org.
About Credit Rent Boost 950 Credit / Credit Rent Boost is a revolutionary service designed to help tenants improve their credit scores by reporting on-time rent payments to all three major credit bureaus. By using Credit Rent Boost, renters can build a positive credit history without taking on additional debt. This service is particularly beneficial for those where traditional credit-building opportunities might be limited.
Landlords also benefit from the integration with property management systems, which simplifies the reporting process and ensures accurate, timely submissions. Credit Rent Boost offers robust support and resources to both tenants and landlords, empowering tenants to achieve financial stability and enhance their credit profiles while providing landlords with a streamlined, efficient way to support their tenants’ financial growth.
Contact Details: AAGLA Daniel Yukelson (Executive Director / Chief Executive Officer) | dan@aagla.org | (213) 384-4131| www.aagla.org
Credit Rent Boost Brett Curley (Director of Marketing) support@creditrentboost.com Phone: (480) 360-6736 Website: Credit Rent Boost
Our service provides unmatched benefits, including the ability to report up to the last 24 months of rent payments, giving tenants an immediate credit history boost. Best of all, there is no additional cost for landlords enrolling 10 or more tenants. Tenants also gain a credit age attribute based on their lease start date, which can have a significant positive impact on their credit scores. This
gives your tenants an incentive to make rent payments on time. Studies show that longer credit histories result in stronger credit profiles, and your partnership with Credit Rent Boost enables you to offer this advantage to your tenants.
By taking proactive steps to meet the requirements of A.B. 2747, you’re not only staying compliant but also fostering financial responsibility and empowerment for your tenants.
We understand that landlords have different priorities when it comes to billing tenants. That’s why we offer flexible options to fit your needs. For landlords aiming to enhance goodwill with existing tenants, we provide free reporting for the first year, until the lease renews, or until a new tenant moves in. Alternatively, if you prefer to simplify your process and start tenant billing immediately, we can accommodate that too. The choice is yours—our plans are designed to adapt to what works best for you.
Our streamlined process handles rent reporting for all tenants on your lease agreements, making compliance with AB 2747 effortless.
By utilizing Credit Rent Boost, landlords have the opportunity to recover the service costs through tenant participation fees.
California AB 2747 Compliance Made Easy
Improve tenants' credit scores.
Better Tenant Retention.
Minimal work is required by you as a landlord.
Enrolling and updating tenants is made easy! We have direct API connections with Property Management Software and an amazing Landlord Portal.
Credit Rent Boost’s service is cost-effective for recovering monies due from both existing tenants and tenants who have left without proper payments.
Tenants who miss payments do not gain positive credit history for that month, providing an incentive for timely rent payments
Account Upgrades: Past Rent Reporting available for up to 24 months.
Cost is billed per unit, not per tenant.
Landlords are allowed to charge tenants for the rent reporting service. However, the fee must not exceed the actual cost incurred by the landlord or $10 per month, whichever is less.
We report to TransUnion & Equifax. If you are an Apartment Complex, or Property Management Company, we can also report to Experian. Experian does require an additional vetting process.
For landlords managing 1-9 units, the monthly cost is $4.00 per month, per unit, and new leases are billed at the prices within the 1-9 unit pricing section. For those on our 10+ unit plan, all new leases are billed at a rate of $2.50 per month.
* Only required for Individual Owners
Our Goal is to make the rent reporting process easy for you – the landlord!
Your Tenant’s can see results in a little as 2 weeks!
