Get the Credit and Rental Property You Deserve
Decrease the Time It Takes to Unlock Credit Related Rewards
- Add Rent Payments to Your Credit Report
- Create or Verify Your Lease
- Build a Positive Tenant Record
- Monitor Your Records
- Skip the Line – Get the Place You Want
How FrontLobby Works for Tenants
Rent Reporting Helps Tenants Build Credit and Financial Wellness
Sign up for free, create your Lease Record and invite your Landlord.
Continue to pay rent on-time to improve your Credit Report and Tenant Record.
Unlock access to credit, better rates, and priority for housing.
Build Good Credit Faster
Tenants who pay their rent on time every month should receive credit for it, but most do not. Historically, rent has not been included on Credit Reports, FrontLobby aims to change this by elevating rent payments to the same level as consumer loans and credit card payments. Rent Reporting adds a new tradeline to your credit file while demonstrating a positive payment history over time, both are factors that help to boost your credit score. As a result, every rent payment made brings you closer to your credit goals.
Get Credit for Paying Rent
Traditionally, building credit through monthly payments has been reserved only for those with mortgages. FrontLobby wants to correct this inequality because it is unfair that millions of Tenants who make similar payments each month receive zero credit building benefits. Rent Reporting means a Tenant’s rent payment is shared with the Credit Bureaus and will be included in their Credit Report. If your rent payments are part of your Credit Report, lenders may view it in the same way as they would a mortgage payment, giving you access to the credit you deserve.
Unlock Good Credit Rewards
Poor credit, thin credit or no credit can be very expensive as most lenders do not want to take the risk and will charge higher interest rates as a result. One of the best things you can do to improve your financial health is to improve your Credit Report, which will decrease your interest expenses. FrontLobby’s Rent Reporting capabilities are liberating, decreasing the time it takes for Tenants to build credit. Tenants can take additional control of their financial wellness and improve access to credit rewards including better bank loans, credit cards and mortgage rates.
FrontLobby rewards responsible Tenants.
Tenants use FrontLobby to get the credit and rental property they deserve. A membership with FrontLobby grants Tenants the ability to get credit for paying rent on-time, improved credit report, build a positive Tenant Record, and even skip the line when choosing their next home.
With FrontLobby Tenants can see an increase on their Credit Report of 40+ points.
“We want to help responsible tenants unlock and access future credit-related rewards” Zac Killam, CEO FrontLobby.
As people build credit, they can gain better access to mortgages and qualify for lower fees and interest rates on credit cards and other lines of credit. These advantages allow for new opportunities and make it easier to accumulate wealth.
Building good credit takes time, consistency, and a combination of credit accounts with solid financial habits.
Historically, Tenants have not received credit for their largest monthly payment of all, which is their rental payments.
When rent payments are reported as a trade line on a Tenant’s Credit Report, they can build good credit and unlock credit related rewards faster.
Landlords often find themselves faced with multiple applicants for highly desired properties. In such cases, the deciding factor often comes down to something concrete and quantifiable, such as applicants’ credit histories. Unfortunately, renting to someone with little or no credit history can pose known and unknown risks and challenges for landlords.
This means many renters find themselves in a tough spot-especially those who are new to credit or new to the country.
Fortunately, a LCB Tenant Record allows renters to demonstrate a positive track record of paying rent even if they have a poor credit score. When landlords and tenants report rent payments to Landlord Credit Bureau Tenants can build a positive Tenant Record, allowing future landlords to evaluate prospective Tenants on more than just credit scores.
If you find any inaccuracies on your Landlord’s internal records or other information submitted to the Credit Bureaus through FrontLobby, please complete our dispute form and submit it to email@example.com
The dispute form with instructions can be found here.
Alternatively, if you have concerns regarding details on your Credit Report that are not related to rental data or believe you have been the victim of Identity Theft or Fraud, please reach out to the appropriate Credit Bureau directly.
For individuals in the US, you can read more about your rights under the FCRA here.
Additional details from the Consumer Finance Protection Bureau can be found here.
Due to the evolving economic and regulatory landscape around eviction moratoriums, rental assistance, and rental payment policies, FrontLobby does not allow landlords or property managers to report Covid- 19 pandemic debts in the United States. This policy is to ensure Landlords and Tenants are protected and compliant with local regulations.
A Covid-19 debt is defined as unpaid rent caused by the impacts of the Covid-19 pandemic and incurred between April 1, 2020, and September 30, 2021.
In the case of debts, we encourage all parties to explore government programs for rental payment assistance or to explore a payment plan option. Additional details on how we facilitate payment plans may be found here.
If the debt was not caused by the Covid-19 pandemic, or there is a monetary judgment or ruling, or the debtor has violated the agreed upon payment plan, then debts may be reported to the Credit Bureaus.
Additional information on the US CARES Act can be found here.