-- The Southern California Rental Housing Association (SCRHA), a leading trade association representing rental housing providers and real estate professionals, announced today it has reached an agreement with 950 Credit, Inc. which conducts business under the tradename Credit Rent Boost to offer positive rent payment reporting pursuant to new state law, Assembly Bill 2747. Credit Rent Boost’s pioneering solution helps renters build a credit history and strengthen credit scores by reporting monthly, on time rent payments and also allows housing providers to comply with the requirements of Assembly Bill 2747, which is effective as of April 1, 2025.
California’s Assembly Bill 2747 goes into effect on April 1, 2025, and requires landlords to offer their renters the option to have their positive rental payment information reported to one or more of the major credit bureaus. Housing providers can connect with Credit Rent Boost directly, simplifying the process of enrolling renters and authorizing rent reporting. Renters can conveniently submit their monthly rent payments, ensuring accurate and timely reporting to credit bureaus.
“This partnership underscores our dedication to supporting rental housing providers with practical solutions that streamline compliance and enhance operational efficiency,” said Alan Pentico, Executive Director at SCRHA. “By connecting Credit Rent Boost with our members and other housing providers, we’re not only helping tenants build better credit scores leading to stronger financial health and long-term stability, but we are also offering housing providers a convenient way to comply with California law under Assembly Bill 2747.”
“It has been great collaborating with SCRHA to simplify the rent reporting process and help both property managers and tenants enjoy its benefits,” said Gregg Watkins, Chief Development Officer at Credit Rent Boost. “Through a simplified process and seamless integration, we’re empowering tenants to build their credit history and move closer to their financial goals.”
This agreement marks a significant step forward in the rental housing industry by combining the power of technologies to improve financial outcomes for tenants and landlords. By leveraging the strengths of SCRHA and Credit Rent Boost, this collaboration will help shape the future of property management and tenant empowerment.
About the Southern California Rental Housing Association (SCRHA). The San Diego Multi Housing Corporation (SDMHC) the wholly owned subsidiary of the Southern California Rental Housing Association (SCRHA) (collectively, “SCRHA”) supports rental housing professionals by providing operational resources and advocacy. It serves landlords, property managers, and industry suppliers at local, state, and national levels. SDMHC offers SCRHA members and the rental housing industry a comprehensive resource hub to help its members succeed in the rental housing industry. For more information, go to: www.socalrha.org.
About Credit Rent Boost 950 Credit / Credit Rent Boost is a revolutionary service designed to help tenants improve their credit scores by reporting on-time rent payments to all three major credit bureaus. By using Credit Rent Boost, renters can build a positive credit history without taking on additional debt. This service is particularly beneficial for those where traditional credit-building opportunities might be limited.
Landlords also benefit from the integration with property management systems, which simplifies the reporting process and ensures accurate, timely submissions. Credit Rent Boost offers robust support and resources to both tenants and landlords, empowering tenants to achieve financial stability and enhance their credit profiles while providing landlords with a streamlined, efficient way to support their tenants’ financial growth.
SCRHA Olivia Galvez (Director of Business Operations) | ogalvez@socalrha.org | (858) 751-2217 | Website: www.socalrha.org
Contact Info:
Name: Brett Curley (Director of Marketing)
Email: Send Email
Organization: Credit Rent Boost
Phone: 480-360-6736
Website: https://www.creditrentboost.com
Release ID: 89156765
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