Pay your rent (on time, of course), and we’ll report every payment—no extra steps, just results.
Here’s how it works:
Click to opt into rent reporting
When you pay your rent, choose to opt-in for free rent reporting through Neobanc in just a few clicks—secure, encrypted, and landlord-friendly.
Here’s how it works:
We Report to the Bureaus
Each month, Neobanc reports your on-time rent payments to the Credit Bureaus, helping you build your credit history.
Here’s how it works:
Watch Your Score Grow
On-time rent means credit growth. You’ll start building your score without changing a thing about how you pay rent.
why it's different
Built to Actually Boost Your Score
We don’t just monitor credit—we help you build it, using payments you’re already making.
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FAQs
What Is Rent Reporting (and Why It Matters)
Rent reporting is a way to turn your biggest monthly expense—rent—into something that actually benefits your financial future. Unlike credit cards or loans, rent payments don’t automatically show up on your credit report. But with Neobanc, they can.
By paying rent through Neobanc, we securely report your payments to credit bureaus that accept rental data in Canada. That means your on-time rent payments can now help you build credit history, improve your score, and strengthen your financial profile—all without taking on new debt.
Do I need my landlord’s permission to report rent?
Not at all. Since you’re making your rent payments directly through Neobanc, we already have the information needed to verify and report them—no landlord involvement required.
Why It Helps Your Credit
Your credit score is influenced by a few key factors—payment history being the biggest. By adding verified rent payments to your report, you’re showing lenders that you can handle regular, recurring payments responsibly.
Other benefits include: • Adding activity to thin or new credit files • Building credit without needing a credit card • Strengthening your profile without taking on debt
It’s credit-building that fits your real life—not just your credit card limit.
Who Should Use Rent Reporting?
Rent reporting is a smart move if you: • Are new to Canada and don’t have a long credit history • Are a student or young adult without a lot of credit accounts • Want to build credit without borrowing • Are tired of rent helping your landlord’s equity, not your own financial future
How long does it take to see changes on my credit report?
Typically within 30 to 60 days. Once you start using rent reporting, most users see updates to their credit file within 1–2 reporting cycles. Keep in mind that credit bureaus update reports on their own schedule, so results may vary slightly based on timing and your full credit profile.
What if my rent amount changes or I move?
No problem.
If your rent amount changes, or you move to a new place, you can update your payment details directly in Neobanc. As long as you continue paying rent through our system, we’ll keep reporting your payments without interruption.
Backed by world-class investors and accelerator programs.
Build Credit with Every Rent Payment
No credit card. No debt. Just on-time rent doing more for your future.
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