You Pay Rent why not get credit for it! Millions of Americans/millennials have monthly rental expenses and do not receive credit for it!
Project Description
Rent Report Team missions is to offer a service that is geared towards a persons success. We aim to enhance a persons ability to make pertinent financial decisions. Why not invest in a company that initiates growth. Healthy credit Happy life!
The problem Rent Report Team is solving is getting the awareness out to millions of renters who can be potential home owners just by taking advantage of this service. By reporting your monthly rent, an expense that has to be paid, will increase a persons credit score, and in return help them secure financial assets they probably could not obtain previously.
- What is the market size/opportunity?
There are a estimated 23,036,005 people renting. The increase in U.S. renters over the past decade doesn’t mean home ownership isn’t desirable to today’s renters. In fact, when asked about specific reasons why they rent, a majority of renters cited Financial reasons.
Rent Report Team offers a service that millions of Americans don’t even know exist.
Rent Report Team is different mainly in part that we report to all three major credit bureaus, which in return establishes a strong trade line across the board and also establishes history.
Rent Report Team will report the renters verified rental payment to their personal credit report. Which in return will lead to an increase in the credit score. With a healthy credit score the consumer will get better financing options which will eventually bring them closer to financial freedom.
Rent Report Team is seeking funding to help grow and establish the company.Funding will be spent on a variety of different purposes such as working capital, cost of machinery, employment of staff, marketing, professional fees, software fess, and to help fund/secure a office lease.
Marquilla Brooks
Company Founder
I was born and raised in Miami Florida. I'm a graduate of Florida State University where I obtained my Bachelors degree in Political Science. In hopes of attaining my Juris Doctor degree. I'm a avid Humanitarian, who enjoys giving her time and skills back to the community. Always coming up with ways to help and this one particular idea, I feel can help millions of people across the world. This Rent Report Team came about when I rented my first apartment and thought, Hey why not receive credit for paying my rent on time. There are millions of millennials who are paying rent on time and simply not getting credit for it. There is a hole in the market and I believe Rent Report Team can fill it.
Updates
The Project FAQs
1. How exactly does rent reporting work?
There are four steps involved in the rent reporting process.
- The Verification Process
There are two steps to the verification process. The first step of this process is confirming your identity. We will use the information you provide on the application to verify your identity. The information we use for this purpose includes your address, social security number, and date of birth. We will also ask for your landlord’s contact information. Your social security number is used to make sure you match with the social security number given so you receive the increased credit score for on-time rental payments. - Credit Bureau Reporting
Credit bureau reporting is the final step to boost your credit score . During this step we report your rental payment to th credit bureau. Once this step is complete, you will receive a monthly email, notifying you that it’s complete. - Creating a Tradeline on Your Credit
Creating a tradeline on your credit report is the third and final step in the credit reporting process. Within 5 to 7 days, a new tradeline will appear on your credit. Once complete, you will be notified by email. Making on-time rental payments adds positive information to your credit, thus boosting your credit. It is important your subscription payments and payment method are up to date so you can keep track of the new information that is added to your credit.
Who is Rent Report Team?
Rent Report Team is a service offered to renters who want to improve or maintain a good credit score by having their rental payments reported to credit bureau.
Is Rent Report Team a credit repair service?
Although we help you improve your credit score, we are not a credit repair service to help with other credit issues that take longer to resolve.
. How long will it take for my score to increase?
It can take an average of 15 days to notice an ncrease in your credit score. The initial increase in your credit score can range anywhere between 35 to 50 points. You can expect the chance in your score to occur within 5 business days after all of the verifications, such as the rental verification and landlord validation are complete.
Feel Free to visit www.rentreportteam.com
Every contribution counts in our quest to make Rent Report Team a reality. We appreciate every contribution given.
Insta- love for your contribution! Our social media team will put together a special shoutout especially for you to share on tRent Report Team's Instagram story!
Reward: Gift Community; An Annual Membership
This holiday season, gift a annual membership to a friend or loved one or yourself, for one year, inclusive of all of our member benefits and support for this exclusive price.
Free spouse/roommate subscription for every subscriber who contributes for one year.
Rewards
Every contribution counts in our quest to make Rent Report Team a reality. We appreciate every contribution given.
Insta- love for your contribution! Our social media team will put together a special shoutout especially for you to share on tRent Report Team's Instagram story!
Reward: Gift Community; An Annual Membership
This holiday season, gift a annual membership to a friend or loved one or yourself, for one year, inclusive of all of our member benefits and support for this exclusive price.
Free spouse/roommate subscription for every subscriber who contributes for one year.