Rent Tracking is a tool which helps improve your credit score without taking out a credit card or loan.
Once you’ve chosen your CanopyGrow subscription, head to the RentTracking tool in app to get setup.
You pay rent every month. Isn’t it about time you got something back? RentTrackingTM lets you track your rent payments to build your credit history with Experian and credit score with Equifax and TransUnion. Which can help you access better rates and a wider range of financial products.
Renting is often seen as dead money. But it doesn’t have to be. By enhancing your credit history with on-time rent payments you can improve your credit rating / score so it may become easier for you to:
But also note a number of other factors can also affect these decisions, such as what other data is available to the lender and what a particular lenders approval policy is. Lending approval criteria varies from lender to lender.
Download the Canopy Renter app, Choose a plan that suits you, connect to Open Banking and start tracking your rent. It’s that simple.
Nothing! If you choose the Standard plan - as it’s free. But this only allows you to track your credit history with Experian. If you want to boost your credit score by tracking your rental payments then choose one of our paid plans. Note depending on the paid plan you choose you can see your credit score and report.