BUILD CREDIT WITH NEST
On-time Rent Reporting
We care about your credit even if you move!
Nest DC offers on-time credit reporting with Boom
Service | Credit reporting is provided by Boom for all rent paying Nest DC residents. Only on-time payments are reported to Experian, TransUnion and Equifax every month a resident is enrolled, for the previous month. Nest confirms payments with Boom.
Cost | Residents pay $10 per month for Boom credit reporting services
Timing + Sign Up | Residents are automatically enrolled and may cancel at anytime - for any reason. There is no action or account set-up required for residents to receive the credit reporting service
WHY BOOM? On average, Boom users see a 28 point score increase within 6 months of enrolling
On time rent payments and strong credit should go hand-in-hand. This hasn't been the case for renters - and instead - homeowners were building credit while renters were left behind. Boom fills this gap. Boom gives residents reporting benefits once reserved for those paying a mortgage. Boom is a straight forward service, with straight forward, simple terms.
Results aren’t guaranteed and are dependent on a number of factors—namely, how long you have lived in your home and your score. Once you’re enrolled, you will see a new tradeline on your credit report that reflects your on-time rental payments.
Introductory Period April 1 - May 30th 2025
NOTE: All existing Nest DC residents receive complementary credit reporting for April and May 2025
All Nest DC residents are automatically enrolled and will be billed $10 per month starting June 1st, 2025 unless they opt out
Residents may OPT OUT anytime, for any reason
Credit history is a financial building block. On-time rent payments can bolster credit scores and a brighter future. We're for that