Build credit with your rent!
Seamlessly report your current and past rent payments to Equifax and build your credit with your largest monthly payment!
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Build your credit with any payment method
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Reduce your interest payments
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Save money on financial products
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Rental reporting improves credit with each rent payment.
Reporting your rent to the credit bureau helps improve three factors on your credit report: your payment history, credit history and credit mix. These are the key factors that determine your credit score! Those who’re reporting their rent payments can see more than a 30 point increase in the first 6 months.
It’s easy to boost credit in a few steps.
Sign up
Create an account with Zenbase and confirm your details to securely report you payments on your credit file.
Confirm your lease details
Provide your rent and lease details to ensure your rent payments are accurately captured.
Build credit with each rent payment
Enjoy! We take care of reporting you rent payments to Equifax each month.
Do you have any other questions?
Zenbase, a financial health solution, offers Canada’s first automated rent reporting and most popular split rent payments. We work with some of the largest landlords and insurance providers, like APOLLO, from coast to coast.
With CreditBuilder you can build credit by automatically reporting the rent payments you already make (regardless of payment method) to Equifax. You can easily improve your credit report to:
- Reduce your interest payments
- Access better financial products
- Build a verified and official rent payment history you can share
CreditBuilder is $24.40 per year or $2.90 per month. That’s 75% cheaper then the “other guys”. There are no other fees and no cancellation fees.
Your annual or monthly subscription payments are billed automatically to your credit card on file or Visa Debit, so you never have to worry about missing a CreditBuilder payment.
A ‘Zenbase’ tradeline (credit account) will appear on your credit report. It may up to 2 months to appear. If you any questions or concerns about what you see on your credit report please email support@myzenbase.com
Yes, you can cancel CreditBuilder at anytime by emailing support@myzenbase.com but no refund will be issued. The trade line on your credit report will be closed and you will not be able to report your rent payments again to Equifax during your current lease to keep things fair.
Reporting successful rent payments for at least 6 months can build your credit over time.
No, just keep paying your rent the way you currently do. There is absolutely nothing else for you to do each month to build credit!
When signing up for CreditBuilder you will have the option to report up to 6 months of previous rent payments for as low as $8.90. It may take up to 2 months for it to appear on your credit report.
It may take up to 2 months to appear.
Zenbase CreditBuilder reports to Equifax Canada, the largest consumer credit bureau in Canada.
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Your payment history is your track record of how successful you’ve been at making credit payments, and is the single biggest factor that makes up your credit score. By making your rent payments on time and having them reported to Equifax Canada, you’re building a strong payment history, signalling to lenders that you can be trusted with credit.
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Your credit mix refers to the various types of credit accounts that make up your credit report. By adding an open tradeline for rent reporting, you’re diversifying the different types of credit on your report, which shows you are able to successfully manage multiple credit accounts.
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If you’ve never had a credit product before and CreditBuilder is your first tradeline on your credit report, then you’ll also be building your credit history. The longer your credit history the more trustworthy you’ll be seen by future lenders.
Absolutely, all you need to do is to provide Zenbase with the new lease details and we take care of the rest!
Sign up in minutes to build credit with the rent payments you are already making.
