The Rent Reporting feature in the Emma app helps improve your credit by reporting your monthly rent payments to major credit agencies, making it easier to build a stronger credit history.
Emma Plus will report on rent payments to Experian only, whereas Emma Pro and Emma Ultimate plans will submit the report to the three leading credit agencies TransUnion, Experian & Equifax.
The Rent Reporting function works to identify the regular rent payments, and will be automatically reported each month, which can be submitted to a lender via the Emma app to build your credit history.
Finance app Emma launches Rent Reporting tab to improve renters financial situation Many people shy away from discussing their finances, but we need to, and we hope to lend a helping hand in shedding light on useful tools to have under your belt – one being Emma.
But, this is where Emma’s Rent Reporting feature comes in handy, as it is a viable method to prove you are paying your rent on time, and it is recognised by certain credit bureaus.
