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Paying rent can be one of the largest monthly costs of Canadians and there is no secret about this.
According to a report by Statistics Canada (statcan.gc.ca) 80% of tenants and landlords are facing rent payment issues
especially in cities like Vancouver and Toronto,but it was only recently that this outlay actually contributed to credit building and long term financial gain.
Fortunately, with the help of such services as TenantPay, nowadays you can pay rent with credit card canada — whereby every dollar will work more on your future.
Paying rent is a stressful experience for most individuals. The issue of late payments may also cause mixing with landlords.
One false move may cost these days to affect your record and it would be harder to find another place in the future.
The most annoying thing?
It is common among people who pay their rents on a timely basis but do not notice any change in their credit score or improvement in their financial development.
Renting may not be easy for many tenants. They ask such things as:
Have you wondered about any of these questions?
The methods of payment that people traditionally used to make payments are either cheques or bank transfers that hardly contribute to credit building.
However, with TenantPay it is possible to pay rent with credit card, ensuring that each dollar will go towards a brighter financial path.
Nowadays, making a payment does not only mean covering the cost, It is an investment in your finances.
Such a service as TenantPay can enable you to pay rent by credit card in a safe and sound way so that your payments can work better on your behalf.
This is a method which aids tenants, The landlords are not left behind. Unlike the traditional measurements that use manual effort for rent collection.
payment solutions such as TenantPay increase the speed with rent debt automated collections —that would make it a perfect solution to both of them.
In Canada, it is almost impossible that a landlord can ever switch off the utilities because of the non-payment therefore- it is illegal to switch off the utilities in almost all the cases.
The perfect and correct course of action is to effect an eviction by taking the legal route but not attempting to evict a tenant by depriving him of basic amenities like water and electricity.
A landlord can reject a payment only when it is not in line with the contract - say when the contract explicitly says that the full rent has to be paid yet a part is being paid.
When such happens, the landlord is right that he or she does not accept the payment as it does not satisfy the agreement between both parties.
Sure, of course, with the consent of both sides, a new date is possible. It is common when tenants ask this kind of request, when they are not paid their paychecks on the aligned timeline.
it is essential to ensure that any modification is correctly reported to safeguard both parties.
Yes, it can be done, though it is not always easy. When a landlord views an application, there are a great number of factors he puts in his mind in case your credit score is poor.
Services such as TenantPay can really create a difference; one can make a better credit profile with each payment that is paid on time, which will help open more doors when searching for a new place.
Absolutely. Nowadays, you can find services that will allow you to easily and safely pay your monthly rent using a credit card; one such example is TenantPay, a service that will allow you to pay off your monthly rent using a credit card.
More importantly, it will allow you to build or strengthen a good credit rating, which is sorely needed in this day and age.
Not in all cases but yes, having bad credit can be an obstacle for renting an apartment. Regular payments with the assistance of such a service as TenantPay would also help to build up trust, as well as to recover your credit.
It has never been easy to pay rent as it is done with the help of platforms such as TenantPay. You can:
For tenants:
For landlords:
If You already are concentrating on being a responsible, knowledgeable renter. The current services ensure that tenants can make a secure payment and have a bright future in terms of finances.
With the help of such applications as TenantPay, you will be able to turn your biggest cost, your rent, into your growth.
Book a demo now and kick off the stress of how to build a good credit score by making payments that count today.
Credit up, stay on track, and build a brighter financial future.
