Connecting your bank account or credit card to your monthly rent reporting account is essential for several reasons:
- Electronic Verification of Rent Payments: Linking your bank account will allow you to electronically verify your rent payments. Each month, when you log in, you will confirm your rent payment by selecting the relevant transaction from your bank records. This process provides proof of payment without needing to rely on your landlord for documentation.
- Streamlined Payment Process: Your credit card is used to pay for your Rent Advantage subscription(s). This integration simplifies the payment process, ensuring that service fees are handled seamlessly.
- User Control and Convenience: Since you are responsible for selecting and submitting your rent transaction each month, this system empowers you and removes dependency on your landlord's approval. This feature enhances convenience and ensures timely reporting to credit bureaus.
For past rent reporting, as mentioned above, your credit card will be used to pay for the product. Your documentation will be uploaded directly to our team, and it will not be necessary to connect your bank account.