Yes, if you turn it on. When you switch on rent reporting, every on-time rent payment is sent to Equifax and added to your credit file, which helps build your credit over time. You turn it on once, and it happens each month on its own. You can turn it off whenever you want.
Chicken or
the egg?
To build credit you need debt. To qualify for debt you need credit. Turn on rent reporting with TenantPay and your on-time rent is reported to Equifax. No debt. No catch. Just the credit record you should have had all along.
What you get
Rent that builds credit.
YOU TURN IT ON
Your rent can build your credit
Turn on rent reporting once, and from then on your on-time payments are reported to Equifax with no extra steps. Your biggest bill becomes your strongest credit builder.
A stronger file for lenders
Consistent rent reporting builds positive payment history on your Equifax file. When you apply for a mortgage, car loan, or credit card, lenders see a reliable track record.
Ideal for newcomers
New to Canada? No credit history needed to start. Your first rent payment begins building your Canadian credit file from day one.
Students start early
Build credit while renting in school. Graduate with a credit history, not just a degree. Landlords and lenders notice.
See your progress
Track your Equifax in the app of each month, and see how your on-time payments add up over time.
How it works
Steps to a better credit score.
Step 1
Become a member
Two minutes. No existing credit score required. No hard credit pull.
TWO MINUTES
Step 2
Pay rent
Pay rent the way you already do. No new account, no extra steps.
FLEXIBLE PAYMENTS
Step 3
Turn on reporting
Switch on rent reporting, and every on-time payment is reported to your Equifax file. Turn it off any time.
EQUIFAX REPORTING
Help center
Build credit
frequently asked
questions
Most members see their credit file updated within 30 to 45 days. Measurable change typically appears within 3 to 6 months of consistent on-time payments. Results vary by individual.
No. TenantPay is well suited for newcomers to Canada, students, and anyone without an existing credit history. Your first rent payment starts building your Canadian credit file.
Not yet, TransUnion is coming soon. For now, TenantPay reports to Equifax, one of Canada’s two main credit bureaus. Most Canadian lenders check Equifax when you apply for a mortgage, car loan, or credit card, so your rent is building credit where it counts.
No. TenantPay uses a soft inquiry, which never affects your score. Check as often as you like with zero impact. Hard inquiries only come from lenders evaluating a credit application.
Yes. Consistent positive payment history strengthens your Equifax file. Mortgage lenders review your credit report, and reliable rent payments demonstrate financial responsibility to underwriters.
Still have questions?
Our team is here. Get in touch anytime.
Credit profile Your account
Reporting streak 12 months
On-time
Recent reports View all
Rent reported
Monthly · Equifax
Free
Score updated
Improving each month
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