Today we will be using Credit Karma to look at our credit report and find our rental history!
Please note, if you have not gone through the Rental Kharma program, this guide does not apply for you, as rental history is not automatically included in your credit report unless you go through a 3rd party program.
First, log in to your free account, or create a new account using Credit Karma.
Next, go to your TransUnion credit report by clicking on "view score details" on the TransUnion score. It looks like a speedometer!
Credit Karma likes to change their layout pretty regularly, so you may see something slightly different than the images here. For now, click on "Credit Health".
Clicking on "Credit Health" will show you the 6 main factors in your credit score. Those factors are Credit Card Use, Payment History, Derogatory Marks, Credit Age, Total Accounts, and Hard Inquiries. If you would like to learn more about how these different areas impact your credit score, check out our Credit Education Section. Today we are just going to focus on finding Rental Kharma on our report.
Click on "Credit Report" which is next to your "Credit Factors" to view your full report.
The first thing you will see is your personal information, such as your officially listed addresses included on your credit file. Following your residential addresses, your report will show you all of your open and closed accounts. Typically, the first things that show up will be Revolving Credit accounts, aka Credit Cards. The next items are usually Auto Loans and Student Loans if you happen to have those on your file.
If you've been in the credit world for awhile or happen to have many accounts, it may take some scrolling to find Rental Kharma at first. Locate the "Other Loans" section on your credit report, as this will show you your Rental Kharma accounts! The name of the account will either be "Rental Kharma/Residence" or "RK/Residence" for short. If you see either of these, that means TransUnion has your rental data!
Hooray! Your rental information was successfully added to your credit report! Click on the account "Rental Kharma/Residence" to expand the data and see more!
Or.... If you are not seeing "Rental Kharma/Residence," do not panic. Typically, after we verify and send off your rental history, it can take 7-10 business days for your information to be added to your credit report. Keep checking! If you do not see it there 7-10 business days after we notify you that your rent has been verified, please contact us directly.
Let's break down your Rental Kharma account(s)! If you see "Rental Kharma/Residence" twice, it is because we verified more than one lease for you! You can tell which lease is which by the open date as well as monthly payment. This part of your credit report will not show the residential address.
The general overview of your account at first glance might be confusing. A $0.00 balance? What the heck?! Why is my balance $0.00 when I am paying my rent?
Well, the $0.00 balance is because your rent is paid in full every single month! You will see the highest balance listed and monthly payment both show your rent amount. This type of account, "Rental Kharma/Residence," is considered an open trade line. An open trade line is always paid in full and the balance returns to $0.00 each month, unlike other loans and credit cards.
You can also see the payment history for your rental information. If there are any payments that were over 30 days late, those will appear as well. As you can see, the most recent month Rental Kharma was able to verify is July 1st 2017. Sometimes, your credit report takes a little bit of time for everything to accurately display all the months that have been paid.
If you have any questions about finding Rental Kharma on your credit report, please give us a call. Our number is 720-307-1466. We would be more than happy to help! You can always contact us for status updates, live help, or if there are any missing months on your account. We also offer free credit analysis sessions where we can help you identify further steps to continue on your journey of success. Why?