Report rent and bills to all 3 credit bureaus. Build credit from payments you already make. Starts at $2/month.
Data compiled from public sources · Rating from CreditDoc methodology
Boom Pay (formerly Boom Credit) is a credit-building platform that reports your rent and recurring bill payments to all three major credit bureaus — Equifax, Experian, and TransUnion. This makes it one of the most comprehensive bill-reporting services available, as most competitors only report to one or two bureaus.
Boom Pay can report rent, utilities, phone bills, insurance, streaming subscriptions, and other recurring payments. The service starts at $2/month for basic reporting and offers higher tiers with additional features like past payment back-reporting and priority support.
The key advantage over competitors: reporting to all three bureaus means your credit-building activity is visible to any lender, regardless of which bureau they check. Many free or cheap alternatives only report to TransUnion, which limits the impact.
Boom Pay works by connecting to your bank account (via Plaid) to verify payment activity, or through manual landlord verification for rent reporting. No credit check is required to sign up.
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Boom Pay offers 5 services including Rent reporting to all 3 bureaus, Utility bill reporting, Phone/insurance/subscription reporting, Bank account verification via Plaid, Credit building from existing payments.
Boom Pay is best suited for Building credit across all 3 bureaus from rent and bills, Budget-conscious credit builders ($2/month), People with thin credit files wanting maximum bureau coverage.
Key strengths: Reports to ALL 3 bureaus (most only report to 1); Very affordable — starts at $2/month; Reports rent AND bills (not just rent). Areas to consider: Newer company, less track record; Back-reporting may cost extra.
In the Build My Credit category, comparable providers include Credit Strong, Priority Tradelines, Self. Each company has different strengths — compare services, pricing, and consumer complaint records to find the best fit.
CreditDoc Diagnosis
Ideal for Building credit across all 3 bureaus from rent and bills and Budget-conscious credit builders ($2/month). Strength: Reports to ALL 3 bureaus (most only report to 1). Watch out for: Newer company, less track record.
Credit Strong offers FDIC-backed credit-builder loans and revolving accounts that simultaneously build credit history and savings, reporting monthly to all three major bureaus.
Best for: Consumers with thin credit files or no credit history needing to establish a positive payment track record, People who want to build credit and accumulate savings at the same time
Priority Tradelines sells authorized user credit tradelines—adding existing accounts with perfect payment histories to your credit report to boost scores within weeks.
Best for: Consumers with very limited credit history seeking quick score improvements for mortgage/auto loan qualification, Individuals with damaged credit who need rapid score recovery before major financial applications
Credit-builder loans that help you build credit history while saving money. No credit check required. Reports to all 3 bureaus.
Best for: People with no credit who need to build history from scratch, Anyone who wants to save money while building credit simultaneously
Answer 3 quick questions to see if this provider matches your needs.
1. What's your primary financial goal?
Your credit report contains the raw data behind your score. Learn what's in it, how to read it, and how to dispute errors that could be dragging your score down.
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Read guide →New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.
The variety of credit accounts you have — credit cards (revolving), auto loans (installment), mortgage, student loans, etc. Having multiple types shows you can manage different kinds of debt.
Credit mix accounts for about 10% of your FICO score. Having only credit cards isn't as strong as having a card, an installment loan, and a mortgage.
Example
Borrower A has 3 credit cards. Borrower B has 2 credit cards, a car loan, and a student loan. Even with the same payment history and utilization, Borrower B's score is typically higher.
A 3-digit number (300-850) that summarizes how reliably you've handled borrowed money. Higher scores mean lower risk to lenders and better loan terms for you.
Your credit score determines whether you get approved and at what rate. A 100-point difference can mean thousands of dollars more or less in interest over a loan's life.
Example
On a $250,000 30-year mortgage: a 760 score gets you 6.2% ($1,536/month). A 660 score gets 7.4% ($1,729/month). Over 30 years, the lower score costs you $69,480 more.
The percentage of your available credit that you're currently using. If you have $10,000 in credit limits and owe $3,000, your utilization is 30%.
Utilization is the second-biggest factor in your credit score (after payment history). Keeping it below 30% helps your score; below 10% is ideal.
Example
You have 3 cards with a $15,000 total limit. You're carrying $4,500 in balances (30% utilization). Paying down to $1,500 (10% utilization) could boost your score by 20-50 points.
The maximum amount a credit card company allows you to borrow on a single card. Going over this limit can trigger fees and hurt your credit score.
Your credit limit directly affects your utilization ratio. A higher limit with the same spending means lower utilization and a better score. You can request limit increases.
Example
Card A: $3,000 limit, you spend $1,500 = 50% utilization (bad). Card B: $10,000 limit, you spend $1,500 = 15% utilization (good). Same spending, different impact on your score.
Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.
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