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Rent money,
dead money?
Not anymore

Build your renter status

Feel like you’re not getting enough credit for being an awesome tenant?
With RentPay ScoreBuilder, your payments now contribute to your credit score. This may help improve your borrowing capacity for life’s bigger purchases, like a car or property of your own.
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Here’s how it works:

  • 1.
    First, you need to opt-in to ScoreBuilder when you activate RentPay. It’s completely optional, and you can opt-out at any time.
  • 2.
    There’s a one-time $3 fee to set-up and then $1 per month while you keep ScoreBuilder active. Being opted in to ScoreBuilder means you’re also able to access SafetyNet.
  • 3.
    Your regular rent payments using RentPay are reported each month to Equifax, one of Australia’s largest credit reporting agencies, which may have a positive impact on your credit score*.
1.
First, you need to opt-in to ScoreBuilder when you activate RentPay. It’s completely optional, and you can opt-out at any time.
2.
There’s a one-time $3 fee to set-up and then $1 per month while you keep ScoreBuilder active. Being opted in to ScoreBuilder means you’re also able to access SafetyNet.
3.
Your account status is reported each month to one of Australia’s largest credit reporting agencies, which may have a positive impact on your credit score*.
Get Started

Frequently asked questions:

What is ScoreBuilder?

ScoreBuilder is a unique RentPay feature that helps improve your credit score. Each month that you have the ScoreBuilder feature, we report your payment status to one of Australia’s largest credit reporting agencies.

If you’re making regular payments, reporting that to the credit reporting agency over time may have a positive impact on your credit score.

ScoreBuilder is a credit facility provided in partnership with One Card Credit Pty Ltd (Australian Credit Licence (ACL) number 388941). You may see One Card Credit appear on your credit report if you use ScoreBuilder.

To view the terms and conditions for ScoreBuilder, visit https://www.rentpay.com.au/scorebuilder-and-safetynet-terms-and-conditions/

How do I use ScoreBuilder?

To use ScoreBuilder you must first activate your RentPay account, and then opt-in for the ScoreBuilder feature either via the dashboard or when you finish activation.

How much does it cost?

There’s a one-time $3 fee to set-up ScoreBuilder and then $1 per month while you keep it active. Being opted in to ScoreBuilder means you’re also able to access SafetyNet.

How much will my score be improved by using ScoreBuilder?

The impact of ScoreBuilder and SafetyNet on your credit score will depend on a range of factors, including other credit facilities you may have outside of RentPay that can also impact your score such as credit card or loan repayments.

What if I miss a payment – will it have a negative impact on my credit score?

If you have opted in to ScoreBuilder, a late or missed payment might be recorded on your credit report, depending on how late the payment was. Both late payments and defaults could have a negative impact on your credit score.

If you think you will miss a payment, please contact us in advance as we may be able to reschedule the payment for you or suggest an alternative option. If eligible, you could also consider accessing the SafetyNet feature of your account. Generally speaking, the sooner you get your account back on track the better the chance of minimising any impact on your score. You can find out more about how credit scores work here.

Does ScoreBuilder leave a record on my credit report?

Yes, you will see a record with the narration “One Card Credit (RentPay)” on your credit report if you have opted in to ScoreBuilder.

How do I update my information?

Updating your personal information is quick and easy! Simply update your information in the Settings tab within the RentPay app.

©RentPay 2021
RentPay Technology Pty Ltd ACN 636 254 709 is an Authorised Representative of One Card Credit Pty Ltd - Australian Credit License Number: 390376
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