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- Rent App: Best way to pay rent Vs. Boom - Build credit with rent.
Rent App: Best way to pay rent vs Boom - Build credit with rent. Usage & Stats
RENT APP
• Direct to your landlord: Rent App deposits money directly into your landlord's bank account. No more trips to the ATM, sending checks, or managing app balances.
• No fees, no weekly limits: Rent App is free for you and your landlord, and the total amount can be sent in a single transaction. You can schedule one-time or repeat payments.
• Build credit while renting: Rent App brings you closer to homeownership by optionally reporting on-time rent payments to the three major credit bureaus.
HOW IT WORKS
1. Connect Bank
Securely log in to the bank account you use to pay rent (we support thousands). You only need to do this once, the connection is encrypted end-to-end, and we never store your credentials.
2. Send Payment
Enter your rent amount and the landlord’s phone number or email. You can add their routing and account details if you have them. Choose a payment date and tap Pay Rent.
3. That’s It
Your landlord will receive a text or email notifying them you paid rent. Once they confirm their bank, the money is on the way. There are no apps to download or accounts to create.
BUILT FOR SECURITY
End-to-end encryption: Partnering with leading third-party providers like Plaid reinforces our commitment to safety. Together with pervasive encryption practices, our users data always remains secure and confidential.
Top-tier compliance: We're compliant with SOC2 standards, ensuring a secure foundation. We also uphold guidelines set by the CCPA and GDPR, guaranteeing the utmost protection for our user's data.
Proactive defense: We engage with best-in-class penetration testers and ethical hackers. This practice ensures our systems withstand advanced threats, providing an extra layer of security.
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Did you know that your rent payments aren’t automatically reported to the credit bureaus?
Boom makes it easy to build credit with your rent. Join the tens of thousands of renters who use BoomReport to report ongoing payments, past payments, or both. Boom reports to all 3 major credit bureaus - Experian, TransUnion, and Equifax - so you see the maximum impact of the largest payment you make every month.
BUILD & TRACK YOUR CREDIT
On average, Boom customers see an average credit score increase of 28 points
Some users see increases of over 105 points
Reporting your rent payments can help give you a credit score if you do not already have one
See your new rental tradeline on your credit report in as little as 10 days
Access your credit score for free in the Boom app to track your progress
HOW IT WORKS
Enroll in as few as 5 minutes via the Boom app
Available for anyone who pays rent via a digitally-tracked method, such as a rental portal, bank account, check, ACH, or payment apps (e.g. Venmo, PayPal)
Report ongoing payments and up to 24 months of prior rent history
You can even report old leases too, as long as you moved out within the past 12 months
SECURITY
Your security is a top priority. Sensitive user data is stored with our verification partners, which are bank-grade, highly-encrypted services. Our verification partners perform similar services for trusted companies such as PayPal, Robinhood, Coinbase, Venmo, Chime and more. Your data is never stored on your device. We do not sell your personal information to any third parties.
Still reading? What are you waiting for? Download Boom and supercharge your rent today.
Chat our team at www.boompay.app or via the in-app support feature in the Boom Pay app if you have any questions, suggestions, or feedback.
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Rent App: Best way to pay rent vs. Boom - Build credit with rent. ranking comparison
Compare Rent App: Best way to pay rent ranking trend in the past 28 days vs. Boom - Build credit with rent.
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Rent App: Best way to pay rent VS.
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December 31, 2024