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Learn How To Build or Rebuild Your Credit Using Your Rental Payments and History
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Whether you are looking to build your credit or rebuild your credit, positive trade lines on your credit report will be needed to increase your credit score.
Looking for the best way to build credit? Consider using your rental payments to build credit.
One of your biggest monthly expenses is your rent payment. Since it is paid monthly just like a mortgage, a car payment, or credit card bill; isn’t it right that you get credit for your on-time payments on your credit report
It is now easier than ever to get your rental payment history and begin building your credit score with Rental Kharma Service. Rental Kharma is a service that is aimed at helping renters reach their financial goals. It enables them improve their credit score. It also involves the addition of rental payments to credit reports.
Renters have a lot to benefit from the Rental Kharma service. Who doesn't want to get good credit? Rent can actually help your credit score. Renters get a chance to make their credit report look much better. It gets a better, positive credit history. Rental Kharma service ensures that your rent payments do appear on your credit report.
In addition to that, Rental Kharma service makes the process of completing a tenant release very easy. All the renter has to do is complete our easy e-signature tenant release by clicking on the link provided after enrollment
Renters who are late with rent for less than 30 days should not be worried, for it only becomes a problem if the rent is late by over 30 days. It will always be considered on time if the rent payment is made within 30 days of due.
The speed at which the renter's report is sent to the credit bureau is very fast. Sometimes it can be done in less than 7 days. In fact, rental Kharma service usually submits the data twice a week. The rent that has already been paid is usually counted as an open trade line on the renter's credit report.
Renters are encouraged to get this service so as to ensure that their records on rent payments are included in the credit report. Many have this presumption that rental records are already on their credit report. The only records already on the credit report are those that involve late payments, evictions or lease skip-outs.
Those who have split rent can also get this service. All that is required is for the renter to report the amount that he/she pays individually. Those who have spouses get a chance to add their spouses in the account during the registration process.
Nothing changes for renters in the manner in which they pay rent once they get this service.
This service is very important for renters since it acts as a neutral third party mandated to send rent payments to credit bureaus.
This service is offered at an incredibly low cost. For information on cost and enrollment please visit:
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