Core Insights - Rent payments are generally not included in credit reports and do not affect credit scores unless they are overdue and sent to collections [3] - Recent developments in rent reporting services allow for the addition of rent payments to credit profiles, potentially improving credit scores [4] Rent Reporting Services - **Boom**: Charges $60 for reporting rent payments to all three credit bureaus for one year, with an additional $25 fee for reporting up to 24 past payments. Users reportedly gain an average of 28 points in two weeks [5][6] - **Experian Boost**: A free service that only reports rent payments to Experian, potentially leading to a 13-point increase in scores, but results are unpredictable and may not impact scores from other bureaus [7][10] - **Piñata**: Charges $60 for a one-year membership, covering up to 24 months of back rent payments. Users may see an average score increase of 60 points in a year [11] - **Rental Kharma**: Costs $8.95 per month plus a $75 fee for past payments, reporting only to TransUnion and Equifax. Average score increase is 40 points, but late payments may negatively impact scores [13][14] Pros and Cons of Rent Reporting Services - **Pros**: On-time rent payments can be credited, potential for improved credit scores, availability of free services [18] - **Cons**: No guarantee of score improvement, late payments can negatively affect scores, some creditors may not consider scores impacted by these services [18] Recommendations - Companies should evaluate the offerings of rent reporting services and ensure eligibility before proceeding, as improvements are not guaranteed and may take time [19][20]