Rent is your biggest bill every month, but it usually doesn’t count toward your credit. With Octopus Capital Group, your on-time rent can be reported to the credit bureaus every month, so the rent you already pay helps build your credit.
Keep paying rent the way you always do. Octopus doesn’t collect your rent.
Illustrative example. Results vary by person.
Credit opens doors. Rent reporting helps you get there with a bill you already pay.
Your on-time rent is added to your credit history every month.
No new credit card or loan. Just the rent you already pay.
Little or no credit history? Rent reporting can help most.
Can help with car loans, credit cards, insurance, and phone plans.
A record of on-time rent shows you can handle a monthly payment.
No contract. Stop whenever you want by contacting us.
of renters may see their credit score go up in the first month of reporting.
TransUnionbill you already pay, your rent, finally working for your credit.
Every monthnew loans or credit cards needed to start building credit.
No new debtFour simple steps. Your landlord has to agree before anything is reported.
Fill in our short form with your address and your management office’s contact details.
We reach out to your landlord or management company and explain the program.
We confirm the monthly fee and how to pay with you before anything starts.
Your on-time rent is reported to the credit bureaus each month. Cancel any time.
Ask your landlord
Sign up and we’ll contact your landlord for you. Or send them the message here so they know you’re interested.
Reported every month once you sign up for positive reporting and your landlord agrees. This is what helps build your credit.
If your building is enrolled in rent reporting, rent that is 30 days or more past due is reported. When you catch up, your account is updated in the next monthly report.
You can get free credit reports from Equifax, Experian, and TransUnion at AnnualCreditReport.com, the official site for free reports. Your rent tradeline will show the property and your payment history.
If you think your rent was reported incorrectly, tell us. We’ll review it with your landlord and respond within the time the law requires, and correct it if it’s wrong.
You can also dispute directly with the credit bureau that shows the information. Learn more about your rights at consumerfinance.gov.
Only rent that is 30 days or more late is reported as late. If you pay on time and sign up, reporting can help your credit.
Not for your rent. Keep paying rent to your landlord the way you always do. Positive reporting is an optional monthly service, and we confirm the monthly fee with you before it starts.
No. It’s your choice, and your landlord has to agree before it starts. You can cancel the monthly service at any time by contacting us.
Tenants are told in writing before reporting begins. Your notice explains which property is enrolled and when reporting starts.
Call or email us with your name, property address, and what looks wrong. Have any receipts or records handy.
We usually reply within one business day.
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