Get Credit for your most substantial payment, your RENT
CDA Properties & Nestwell utilizes CredHub, a Data Analytics and Credit Bureau Reporting Company. CredHub provides property rent roll analytics information to CDA/Nestwell in addition to providing payment data to TransUnion and Equifax on a monthly basis. RentCred reports your rental payments to TransUnion and Equifax. “Getting credit where credit is due”. Getting credit for your most substantial payment can increase your credit score 20 – 70 points saving you $1000’s of dollars down the road. This service is available to all CDA/Nestwell residents.
We do the work and you reap the benefits: CDA/Nestwell will report your rental payment history on a monthly basis during the term of your lease. CredHub will in turn transmit this history to two of the major credit bureaus: TransUnion and Equifax (the “Credit Bureaus”).
Here's how it works.
The benefits of using RentCred:
- Improve your credit score quickly
- Positively increase your buying power
- Have a portable rental history
- Establish yourself in the credit world
- Gain better interest rates
While using RentCred when you meet your lease payment obligations, your information will be reported to the Credit Bureaus and will help you in building a positive credit history. If you do not meet your rental payment obligations, as per your lease contract agreement, the late or unfavorable fact will be reported to CredHub and thereafter to the Credit Bureaus. This will also impact your credit and can affect your credit score.
Positively impact your future! It’s important to make sure that you are meeting your lease payment obligations on a monthly basis and throughout the term of your lease agreement. Reporting on-time rental payments can positively impact your credit score by up to 70 points. Some results may be reflected in 7-10 days. Building a good credit history is important should you apply for credit in the future, such as to purchase a home or car. RentCred is the key to opening up that future.
For more information visit Credit Reporting Details and FAQs
We’re excited to bring this amenity to all our residents!