What is Rent Reporting?

Rent reporting is when your on-time rent payments are reported to credit bureaus and added to your credit file, similar to how credit cards or loans are reported.

Instead of rent just being a big monthly expense, it becomes a way to help build your credit history—as long as you pay on time.

How Rent Reporting Works

The exact setup depends on the provider, but generally:

• A rent reporting service connects with your landlord or your rent payments

• Each month, your on-time rent payments are reported to one or more credit bureaus

• Over time, those on-time payments can help build a positive payment history

• If you pay late (or not at all), that can also be reported and may hurt your credit

You’re basically turning something you already pay every month into a credit-building signal.

Where KOHO Everything Fits In

Rent reporting works best when you never miss a payment—and that’s where having the right everyday money setup matters.

With the KOHO Everything plan, you can:

• Turn your rent into a credit building opportunity and earn 0.25% cash back on rent

• Grow your savings with 3.5% interest rates, one of the highest in Canada

• Earn 2% cash back on groceries, eating, drinking, and transportation and 0.5% on everything else

• Unlimited transactions & e-transfers

• Pay no foreign transaction fees

• No minimum balance required

Why People Use Rent Reporting

Rent reporting can help if you:

• Have little or no credit history

• Are rebuilding after past credit issues

• Don’t want to open a lot of new credit products just to build a score

Because rent is usually your biggest bill, making sure it shows up on your credit file can make your profile look more complete and consistent over time.

Things to Watch Out For With Rent Reporting

Rent reporting isn’t magic. Keep in mind:

• Not all landlords or property managers support it

• Some services charge monthly or setup fees

• Late or missed payments can still be reported and may hurt your score

• It’s one piece of the puzzle—on-time payments across all your accounts still matter most

If you decide to use rent reporting, pair it with good habits: a budget, a small emergency fund, and a clear view of your monthly cash flow.