Build credit by reporting your rent payments

RentCredit is a new service coming soon to Boost and Premium plans that helps you build credit by reporting your rent payments to Equifax.

COMING SOON

Sign up for MyMarble Boost or Premium

Check RentCredit on your MyMarble portal to see if you’re eligible

Connect your landlord to RentCredit to your MyMarble account and confirm your rent payment

Build more credit history with Equifax

Why RentCredit?

By signing up for RentCredit, you can improve your credit score every month – without having to change your spending habits or open a new line of credit.

RentCred is perfect for anyone who wants to build their credit, but doesn’t want to take on the risks associated with traditional forms of credit. Best of all, RentCredit is included with MyMarble Premium and Boost – so there’s nothing to lose by taking advantage today!

How RentCredit helps you build credit?

A credit score is a three-digit number that gives lenders an idea of how you have paid back debt in the past. And of course, your credit score provides a snapshot into how you will pay back credit in the future. So, when applying for any financial product and a good credit score is required, what factors contribute to a higher credit score?

RentCredit will positively impact these areas of your Equifax credit score:

Past Payment History = 35% of your credit score
Length of Credit History = 15% of your credit score
Types of credit in use = 10% of your credit score

COMING SOON

Better Credit Helps You:

Lower Interest Rates

Lowering the interest rates on mortgages, car loans, and personal loans make your monthly payments lower. This leaves you with more space in your budget for saving and spending.

Approval Chances

Having a good credit score makes it more likely that you will be approved for a financial product. Your credit score is important to lenders, but it is not the only thing they look at.

Negotiating Power

You can use your higher credit score to negotiate with the lender to get a better deal on the loan.

Security

If something unexpected happens and you need to borrow, having a good credit score will help you get more affordable relief.

Frequently Asked Questions:

What is the cost?

RentCredit is included with a MyMarble Boost and Premium accounts. Sign up today!

Once I am confirmed do I need to do anything each month?

Nope! Once you have connected RentCredit MyMarble will start reporting your rent payments each month to Equifax.

How do I connect RentCredit?

You can quickly and easily get started with RentCredit when you sign-up for a MyMarble Boost or Premium subscription. Once you have access to RentCredit you will need to provide your lease and landlord details, ensure you have connected the bank account you use to pay rent. All rent payments will automatically be reported back to Equifax Canada. Your on-time rent payments will then help build credit!

When will I start to see results?

When paired with the power of MyMarble Boost and Premium simulators you can see improvement to your credit in as little as 3 months. As long as you practise healthy financial habits.

How is my personal information shared?

As with anything else at Marble, we take data protection seriously. No personal information will be released to third-party without your consent. We are able to connect you to our network of trusted partners when you are ready to take the next step.

Does it impact my credit score?

Connecting RentCredit will not affect your credit score. However if you miss rent payments this will have a negative impact on your score.

Sign up for a free MyMarble account today!

Sign up for MyMarble today, and we will notify you as soon as RentCredit is available!

JOIN TODAY