Why Sign Up For Rent Reporting?

Attract Quality Tenants

Tenants who care about their credit scores care about their homes.

Boost Your Property Value

Properties with credit-building opportunities stand out in the market.

Support Financial Inclusion

We provide resources to help tenants understand and improve their credit.

Dedicated Support

Our team is on hand to ensure smooth operation at every step.

How does it work?

Simple Onboarding: Sign up, add your property details, and integrate effortlessly with your current systems.

2. Continue business as usual: Tenants pay their rent

with no changes to your existing processes.

3. We report automatically: We report each rent

payment to credit bureaus, encouraging timely

payments and offering tenants a unique benefit.

4. Boost Your Property’s Appeal: Elevate your rental's

attractiveness and tenant loyalty by helping them

grow their credit, setting your property apart.

Total rent reported

$25,000

Number of tenants

187

Testimonials

Binta has not only helped my tenants with their credit scores, but it's also filled my vacancies quicker.

Sarah L.
Property owner

Binta’s program adds significant value to our rental services. Our tenants feel empowered, and it’s positively impacted our community reputation.

Hassan J.
Affordable housing provider

With Binta's rent reporting, we've seen a noticeable uptick in long-term lease renewals. It’s a clear win-win for us and our tenants.

James C.
Landlord

What is rent reporting?

Rent reporting is the process of submitting your monthly rent payments to credit bureaus like Equifax to build your credit score. Think of it like showing credit bureaus that you are credit worthy because you pay your rent consistently and on time. This practice helps build your credit scores.
How would I benefit from reporting my rent?

Choosing our rent reporting program turns your regular payments into a deliberate strategy for a potentially strong financial future. Each on-time rent, a commitment you already honor, now increases your chances of a good credit standing. A good credit standing increases you potential to unlocks better financial perks, like lower interest rates on mortgages, car loans, etc. It's more than smart planning; it's leveraging your rent to potentially fortify your financial trajectory.
Who is eligible for this program?

If you're a tenant who has been paying their rent, then you're a perfect fit!
How long does it take to build credit history in Canada as a newcomer?

While it typically takes about six months of credit activity to establish a credit score, rent reporting offers an additional data point to support that process. By having your rent payments reported to credit agencies like Equifax, you can start building a solid credit foundation. This not only showcases your financial responsibility but also builds your credit profile in the eyes of lenders.
How does Binta ensure data privacy and security?

Binta's data and privacy practices are fully compliant with the Personal Information Protection and Electronic Documents Act (PIPEDA) standards, ensuring the utmost security for our users' information. Additionally, our partnership with Equifax reinforces our adherence to stringent data protection protocols. We are committed to maintaining the highest standards of data protection and privacy, ensuring that our users' information is both secure and locally stored.
How do I sign up for Binta's rent reporting program?

We’ve made this process hassle-free. Once you complete this form, our team will reach to guide you step-by-step through our user-friendly platform. Click this link to enroll https://www.mybinta.com/rent-reporting
How often is my rent reported to credit bureaus?

To keep things in sync with your rental cycle, we report your rent to credit bureaus every month, ensuring real-time reflections of your payment habits.
Do I need to notify my landlord or property manager?

While it's not a strict requirement, it's a courteous gesture to let your landlord know. They might appreciate understanding your proactive approach to financial responsibility. Our team will guide you on this conversation when the time comes.
What if I move to a new rental property?

Relocating won’t disrupt our service. Simply update your new rental details on our platform, and your rent reporting continues seamlessly.
Are there any hidden fees or commitments?

There are no hidden clauses or surprise fees. We cherish the trust you place in us.