Use your rent payment that you're already making to give your credit score a boost. Billi has partnered with the major credit bureaus in Canada to let renters build their score without debt.
Signed up for Billi boost, and as a foreigner starting a new life in Canada, this is an unbelievable tool to build credit with my biggest monthly recurring expense. The jump of 124 points in my credit score after the first reported rent was beyond belief.
I’ve been renting my home for years, and unlike homeowners who can build their credit with their mortage payments, my rent didn’t count toward anything. I am so happy these payments now contribute to my credit score.
I recently discovered your application and immediately subscribed to your Billi Boost service. As a newcomer to Canada, building my credit score is essentially important to me, especially since I want to gain the trust of banks and landlords.
A higher credit limit improves your overall credit utilization ratio - an important metric lenders use to determine a borrower's ability to repay, and a determining factor in building your credit.
Lower interest rates means more money back in your pocket, and it makes borrowing cheaper and easier.
Boost your credit score with your rent payments and enjoy all the benefits of a higher credit score - best rates, easier to borrow, and more money in your pocket for future expenses.
We are committed to keeping your data safe and secure. All data travelling between your phone and our servers is encrypted. This means we translate your information into code that only we can read to ensure only you and Billi have access to your information.
Billi Boost is a feature within Billi that allows you to build your credit by using rent payments that you're already making. Each rent payment made through Billi will be reported to the credit bureaus, positively impacting your score.
You can sign up for amonthly ($4.99) or annual ($59.99) subscription.
It takes time to build credit. You can expect to see an improvement to your credit score within 3-6 months of successfully reported rent payments.
You must be paying your rent by e-transfer.
Yes, a rental agreement is a requirement to report your rent payments to Equifax.
Yes, you will now be paying your rent through Billi. We will send you an invoice the day before your rent is due. When the invoice has been paid, we will immediately transfer the funds to your landlord.
There is zero cost to your landlord. The e-transfer is free.
Correct. We will e-transfer your landlord your full rent payment.
It can take up to six hours once we've received your payment.
We send you a confirmation email when you've paid your invoice, when we e-transfer your landlord, and when your landlord deposits the funds.
Absolutely! Simply select the date you wish to pay your rent in the app.
You can cancel anytime by updating your subscription in the app.
Discover how Billi is helping thousands of Canadians build their credit and save so they can invest in their financial future