Rentingedge

rentingedge.ca reports tenants monthly rent payments to the credit bureau for 9.99 only per month.This allows Renters to build credit without taking out high interest loans, while allowing Landlords to attract excellent renters and increase revenue and reduce headaches. We are a credit repair/building service and a property management tool.Constantly dealing with tenants who do not pay on time can be incredibly frustrating, especially if they are repeat offenders. Also, waiting on tenants to pay could be financially draining for landlords. In Ontario, a standard eviction for non-payment can take as little as 75 days (the legal minimum) and upwards of 110 days (a more realistic timeline). Transunion studies have shown that consumers are more likely to pay the bills that affect their credit score in bad financial situations, and they don't pay their bills that aren't reported to credit bureaus until their financial situation clears up. For a landlord or property manager, three months of missed payments can be detrimental and Renting Edge is here to prevent that. A 2017 Trans Union study followed renters for a year as they reported their rent payments. The largest increase was for scores below 620, which is considered bad credit. Having a high credit score and consistent on time payments added to your credit report will open more financial doors for you. Take a look at some benefits below!Renting Edge is focused on empowering renters and allowing renters to build their credit which will open up many financial opportunities. Your credit score is your lifeline in Canada and if you don't have good credit, it becomes very hard for Canadians to buy homes. Home ownership is the biggest driver of wealth in Canada and Renting Edge will bridge the gap for Canadians to build high credit scores. Renting Edge gives renters the opportunity to use their largest monthly payment to their benefit.