Rent Advantage is designed for individuals looking to build their credit history through consistent on-time payments for one of life’s largest monthly expenses.
Rent Advantage is recommended for individuals who consistently make on-time rent payments. We report all rent payments to Equifax Canada and any late or missed rent payments may harm your credit score. As a result, we don’t recommend using Rent Advantage if your circumstances prevent you from being able to make your monthly rent payments on time.
To start seeing benefits, we recommend you report at least six months of rent payments.