Pay Rent
Build
Credit
History
Improve Credit Scores
Rentistry seamlessly reports Resident rental payments to the credit bureaus, giving Residents the opportunity to build and improve their credit scores.
HOW IT WORKS
RENTISTRY
Through integration with leading Property Management Software, Rentistry seamlessly enrolls Residents into the program and transmits their payment history to the leading Credit Bureaus.
On-Time Rent Payments
Residents pay their monthly rent on-time
Automated Data Transmission
Rent payment data is seamlessly extracted from Property Management Software and is submitted to the Credit Bureaus via Foxen's proprietary technology
Established Valuable Tradelines
Valuable credit tradelines are created which can positively impact a Residents' credit profiles
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PROPERTY BENEFITS
On-Time Rent Payments
With a rent reporting program in place, Residents are encouraged to pay their monthly rent on-time
Enhanced Property Offering
Trusted Credit Bureau data suggests 67% of Renters would choose a property that offers rent reporting over a similar property that does not offer this amenity
Positive Social Impact (ESG)
Rentistry is a response to financial inclusion for Residents, enabling greater economic mobility through the positive benefits of rent reporting
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Resident Benefits
Become Immediately Scorable
After only one month of reporting, previously un-scorable Residents can obtain a credit score
Significant Score Increases
On average, Residents enrolled in a rent reporting program can experience a credit score increase between 26 to 51 points after one year
Improved Financial Wellness
With higher credit scores, Residents are more likely to obtain better financing terms, lower interest rates and more
RENTISTRY
Credit Visibility Portal
Residents enrolled in Rentistry can access their credit scores, credit reports and credit insights through the Foxen Resident Portal
- Credit scores are provided monthly without the negative effects of a credit pull
- Full monthly credit reports are provided at no additional charge
- In-depth and personalized insights into a Resident’s credit profile
Designed as a
PRODUCT WITH PURPOSE
Historically, Renters have been at a significant disadvantage compared to Homeowners. Despite making sizeable and consistent monthly rent payments, Renters experience no positive impact to their credit. So we created Rentistry, a rent reporting and credit building solution to enable financial wellness for Residents through real estate. Rentistry positively impacts Residents through credit score improvements, while creating value for the properties that offer it.
Because Renters Deserve Credit.
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