Boom · Credit-building products
BoomReport Rent Reporting
Report eligible on-time rent to Experian, Equifax and TransUnion for $60 billed annually, equivalent to $5 per month. An optional past-rent add-on costs $25.
Pros & Cons
Pros
- Reports eligible rent to all three major credit bureaus
- No hard or soft credit inquiry
- Only on-time payments are reported
Cons
- $60 is billed annually; $5 is the monthly equivalent, not a monthly billing option
- Optional past-rent reporting costs $25
- Rent must be traceable to a supported connected bank account and linked to an eligible lease
Generated from the provider's published terms and reviewed against official sources.
Costs and key facts
| Recurring fee | 5 (currency not confirmed) |
| Minimum opening deposit | Not confirmed |
| SSN requirement | Not confirmed |
| ITIN accepted | Not confirmed |
| Credit check | None |
Eligibility and application requirements
U.S. address: Not confirmed
Residency and other conditions: Identity verification, a supported connected bank account, a formal lease and verified rent payments apply. Renters need their own accounts. Reporting and score changes depend on verification and the credit bureaus. Reviewed 2026-10-12. Official source: https://www.boompay.app/renters
Geographic restrictions: Not confirmed. Confirm availability in your state.
Product review: 03 Nov 2026. Source retrieval dates below are separate from editorial verification. An accepted ITIN does not establish residency eligibility.
Compare credit-building products requirements and costs · How we assess published requirements
Credit-builder loan terms
| Loan amount / reported tradeline | Not confirmed |
| Monthly loan payment | Not confirmed |
| Term | Not confirmed |
| Opening administrative fee | Not confirmed |
| Interest rate | Not confirmed |
| APR | Not confirmed |
| Advertised total payments | Not confirmed |
| Advertised finance charge | Not confirmed |
| Principal released at completion | Not confirmed |
Evidence and official terms
- OfficialPage — retrieved · View source
- OfficialPage — retrieved · View source
- OfficialPage — retrieved · View source
This information is educational and does not guarantee eligibility or approval. The provider makes the final decision.