Phoenix Rent Reporting
CreditRentBoost.com, a division of 950 Credit, Inc., works directly with tenants and landlords in Phoenix to record monthly rent payments to TransUnion and Equifax in order to improve credit ratings! Due to reporting restrictions and a thorough vetting process for the reporter, most property management companies and landlords are unable to provide this service. With our rent reporting services and free rental history checks for all names on the lease agreement, we’re here to make this procedure easier and possible. As a result, roommates and spouses in Phoenix might get credit for their payments and improve their credit score quickly. We can also build credit for your rental payments over the previous two years and report the last 24 months.
The real estate market in Phoenix is as hot as the weather right now. The demand is high and the supply is at an all-time low. It’s a total seller’s market, which means sellers have the luxury of setting any conditions they want, like how much money they want, when they want to move, if they want to pay for repairs, etc, and they’re still often getting multiple offers for their homes. This means buyers in Phoenix are facing having to win over all other offers, which leaves them with very little negotiating power, and the need to be able to offer the highest price, and we’ve been seeing people going above asking price more than ever. The good news for buyers is that interest rates are low right now, but they still need to make sure they qualify for the highest mortgage loan with the lowest interest rate possible if they want to be competitive in this market. How much money a lender is willing to let you borrow is determined by your ability to pay, and lenders assess this by looking at your income, debt and credit score. So not only are they looking for information to let them know you can afford the loan, but also how likely you are to actually pay it back. Your credit score helps them decide if historically you’ve been reliable in paying your debt. The higher your credit score is, the most likely they are to trust you and give you access to the best deal possible. That’s when reporting your rent payments comes in very handy to help you boost that credit score, and we can do that for you! Let us help you get your credit score to soar, just like temperatures in Phoenix do.