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Build Your Credit Credibility!

Finance IQ empowers renters like you, by showing how credit building leads to lasting financial stability. And this is just the beginning… Learn the credit basics and see how a higher score unlocks new opportunities.

Unlock Credit-Building insights, plus real feedback from renters like you.

See how you can build your

 credit with your rent payments.

Check out Piñata

How a better score can
move the needle in your life.

HOW CREDIT BUILDING
WORKS

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When you start credit building with Piñata, we open a new rental tradeline on your credit profile and begin reporting your on-time rent payments to the major credit bureaus—Experian, TransUnion, and Equifax. This helps to establish or improve your credit history by including your rent payments in your credit report. Piñata also provides free back-reporting to the beginning of your lease, up to 24 months. Over time, this can positively impact your credit score, as consistent, timely payments are a key factor in building a strong credit profile.
Every month, we report your rent payment to all three major credit bureaus: Experian, TransUnion and Equifax. This ensures that no matter where someone checks your score, they’ll get a score with your rent payments included! The boost that renters see from this varies, but our renters have seen an average 60 point increase in the 1st year of reporting, with some even seeing their credit scores jump by 125 points!
If you’ve never had a credit score, Piñata can help you establish one by reporting your rent payments to the credit bureaus. This is a great way to start building your credit history from scratch. As we report your payments, you’ll begin to develop a credit record, which can be crucial for future financial activities like applying for loans or credit cards.
If you have a very low credit score, Piñata can assist you in improving it by reporting your rent payments. Timely rent payments will be added to your credit report, which can help demonstrate responsible financial behavior. Over time, this positive information can contribute to an increase in your credit score, especially when combined with other steps towards better financial management.
Having outstanding loans and credit card debt doesn’t affect the benefits you’ll receive from Piñata’s credit-building service. Reporting your rent payments can still help improve your credit profile by showing that you manage a key financial responsibility well. It’s a useful addition to your overall credit strategy, but it’s also important to work on managing and reducing your existing debt for a comprehensive approach to improving your credit.
A better credit score can open doors to better financial opportunities, such as lower interest rates on loans and credit cards, which can save you money over time. It also increases your chances of getting approved for new credit accounts, renting a home, or even securing a job where credit checks are required. Essentially, a strong credit score reflects financial reliability, which can lead to more favorable terms and opportunities in various aspects of your financial life.
A good credit score generally ranges from 670 to 739 on the FICO scale. Scores above 740 are considered very good or exceptional. However, different lenders may have their own criteria for what they consider a good score.

The main factors that influence your credit score are: 

– Payment history (35% of FICO Score)
– Credit utilization (30%)
– Length of credit history (15%)
– Credit mix (10%)
– New credit inquiries (10%)

Your credit score can change frequently – even daily – as new information is reported to the credit bureaus. Most major changes happen on a monthly basis as lenders typically report account updates monthly.

– Make all payments on time:
This is crucial as your payment history is a significant factor in your credit score. 

– Keep credit card balances low:
Aim to use less than 30% of your available credit.

– Avoid applying for new credit too often:
Each application can lead to a hard inquiry, which might lower your score.

– Maintain a mix of credit types:
Having a variety of credit accounts, such as credit cards and loans, can be beneficial.

– Keep old accounts open:
This helps maintain the length of your credit history, which positively impacts your score.

– Dispute any errors on your credit reports:
Regularly check your credit reports for inaccuracies and dispute them if necessary.

Sign up to Piñata:
Piñata reports your on-time rent payments to all three major credit bureaus, which can have a substantial positive impact on your credit score. Piñata also offers free back reporting, which means Piñata can report past on-time rent payments, further boosting your credit score.

See how you can build your

 credit with your rent payments.

Check out Piñata

Renters are boosting their credit scores simply by reporting their rent.

Meet: Shakai
Score Jump: 100+

“My experience with Piñata has been nothing short of amazing. Since using it, my credit score has jumped over 100 points in a short time! Thanks to Piñata, I was able to buy my first brand-new car. They’re truly here to help—why not get rewarded for something you’re already doing, like paying rent? Thank you, Piñata, for making such a big impact on my life!”

Meet: Ashleigh
Score Jump: 125+

“Being a Pinata member has rewarded me over 3000 reward points and has also increased my credit score from 680 to 805 that provided a 0% interest rate on my car loan.”

Meet: Tamar
Score Jump: 75+

“With the help of Piñata’s rent reporting feature, I was able to improve my credit score by nearly 75 points. As someone looking to buy a new home soon as well as secure funding for my business – this has been beyond helpful for me! I highly encourage all my renters out there to take advantage of the perks of something you are already doing monthly!”

Meet: Haley
Score Jump: 40+

“I’ve been consistently reporting my rent with Pinata, and it’s so easy to do! I’ve added 40+ points to my credit score since then. I love being able to get approved for credit cards with the best rewards and the freedom of knowing I can get approved for loans!”

Meet: Shardanay
Score Jump: 40+

“Since locking in with the program I have seen vast improvement in my credit score! Renting used to be a pain but since joining Piñata renting does not have to suck! My credit score has jumped a solid 40 points benefiting myself and my family! A better score for me has positioned me to be an anchor for my family! Piñata not only works but it rewards and that’s something I can always get behind! I love my Piñata!”

About Piñata

Piñata is a rewards and credit-building program for renters. By reporting on-time rent payments to major credit bureaus, Piñata helps renters improve their credit scores, offering a path to greater financial health. Beyond credit-building, users earn Piñata Points for paying rent, which can be redeemed for a variety of rewards, from everyday essentials to exclusive giveaways. It’s a simple way to turn routine payments into tangible benefits while working toward financial empowerment.

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About Shavon Roman

Shavon Roman is a top financial advisor in Atlanta, known for her expertise in optimizing financial resources and future planning. Twice recognized by the National Association of Insurance and Financial Advisors (NAIFA) as one of Atlanta’s top young professionals, Shavon holds Series 6, 63, and 65 FINRA licenses.

Her philosophy, “Heal. Plan. Invest.,” reflects her holistic approach—helping clients heal from past financial challenges, plan strategically, and invest wisely. As the host of Piñata’s Finance IQ, Shavon offers expert guidance to empower renters and homeowners to achieve financial wellness.

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