--- title: What is Padder Credit Builder? description: Padder Credit Builder reports your on-time rent payments to help build your credit history. Free for the first 12 months. How to opt in at checkout. image: https://help.padder.com/hubfs/Partner_Brand_Centre/Padder_Link_Preview_1200x630.png --- [Skip to content](https://help.padder.com/what-is-padder-credit-builder#main-content) [![Padder Logo](https://help.padder.com/hs-fs/hubfs/Padder%20Logo.png?width=250&height=72&name=Padder%20Logo.png)](https://help.padder.com) - [Help Centre](https://help.padder.com/) - [Claims Centre](https://resources.padder.com/claims) - [Contact support](https://resources.padder.com/support) Open main navigation Close main navigation - [Help Centre](https://help.padder.com/) - [Claims Centre](https://resources.padder.com/claims) - [Contact support](https://resources.padder.com/support) Search the Help Centre - There are no suggestions because the search field is empty. 1. [Padder Help Centre](https://help.padder.com/) 2. [Residential Tenant](https://help.padder.com/residential-tenant) 3. [Padder Credit Builder](https://help.padder.com/residential-tenant#padder-credit-builder) October 11, 2026 # What is Padder Credit Builder? ## Padder Credit Builder is an optional feature that reports your monthly rent payments to Equifax Canada, so your rent can help you build a credit history. Rent is often your biggest monthly payment, but it usually doesn't show up on your credit report. Padder Credit Builder is included free for the first 12 months of your Padder Guarantor coverage, and it's completely optional. --- ### How it works - We report your rent payments to Equifax Canada once a month. - **It works both ways:** on-time payments may help your credit, and late or missed payments may also be reported and could lower your score. - Reporting runs on a 60 day delay, so each month's activity typically appears on your Equifax file about 90 days later. - It's free for the first 12 months, starting from your lease start date. - Reporting is tied to your Padder Guarantor policy for your current lease. --- ### Who can use it Padder Credit Builder is offered to tenants when they apply for a Padder Guarantor policy. - If you have roommates on the same policy, each tenant decides individually whether to turn it on. - Only the tenants who opt in are reported. --- ### How to turn it on Right after you're approved for your Padder Guarantor policy, you'll see a step called "**Build credit with your rent payments.**" - To turn it on, check the consent box. - If you'd rather not, leave the consent box unmarked. You can confirm it's on: your confirmation screen shows a **Padder Credit Builder** line marked **On**. --- ### How to turn it off (opt-out) You can stop reporting at any time. The quickest way is our opt-out form: [Stop Padder Credit Builder reporting](https://share.hsforms.com/1T9UCPHADQT2pJ3pjc351oQrn6yj). You’ll need the email on your Padder account and your Padder Guarantor policy number. You can also email [support@padder.com](mailto:support@padder.com) and let us know you’d like to opt out. Each person on a lease decides for themselves, so only send a request for yourself. Here’s what happens: - We process your request within 2 business days and email you a confirmation when it’s done. - Reporting stops from the date we receive your request. Payments due before that date are still reported. - Anything already reported to Equifax stays on your credit file; we can’t remove it. - **Opting out is permanent for your current lease.** We can’t turn reporting back on for the same lease or address. --- ### Will this affect my credit score? Padder Credit Builder can help you build credit history, but no one can guarantee a specific score change, and many factors on your credit report affect your score. - When your reporting period ends and your account is in good standing (paid and up to date), closing it should not, on its own, lower your score. - If reporting ends while a payment is late or unpaid, that history reflects the missed payments, as you'd expect. --- ### After the first 12 months Your free reporting covers the first 12 months of your Padder Guarantor coverage. We'll let you know before that period ends, along with any options available at that time. --- ### If something on your credit file doesn't look right Padder doesn't handle or decide credit report disputes. If something on your Equifax credit file doesn't look right, raise it directly with Equifax: - [https://www.equifax.ca/personal/dispute-credit-report/](https://www.equifax.ca/personal/dispute-credit-report/) They'll walk you through their dispute process. - [Residential Tenant](https://help.padder.com/residential-tenant#main-content) - [Start Here: About Padder & Your Options](https://help.padder.com/residential-tenant#start-here-about-padder-your-options) - [Padder Credit Builder](https://help.padder.com/residential-tenant#padder-credit-builder) - [Eligibility: Who Padder Is For](https://help.padder.com/residential-tenant#eligibility-who-padder-is-for) - [Coverage & Limits: What’s Protected](https://help.padder.com/residential-tenant#coverage-limits-whats-protected) - [Pricing, Payment & Refunds](https://help.padder.com/residential-tenant#pricing-payment-refunds) - [Applying to Padder: How the Process Works](https://help.padder.com/residential-tenant#applying-to-padder-how-the-process-works) - [Troubleshooting Your Application](https://help.padder.com/residential-tenant#troubleshooting-your-application) - [Your Responsibilities & the Indemnity Agreement](https://help.padder.com/residential-tenant#your-responsibilities-the-indemnity-agreement) - [Managing Your Policy: Changes, Transfers & Reapplying](https://help.padder.com/residential-tenant#managing-your-policy-changes-transfers-reapplying) - [Trust, Safety & Support](https://help.padder.com/residential-tenant#trust-safety-support) - [Frequently Asked Questions](https://help.padder.com/residential-tenant#frequently-asked-questions) - [Residential Operator](https://help.padder.com/residential-operator#main-content) - [Getting Started & Referrals](https://help.padder.com/residential-operator#getting-started-referrals) - [Coverage & Claims](https://help.padder.com/residential-operator#coverage-claims) - [Frequently Asked Questions](https://help.padder.com/residential-operator#frequently-asked-questions) - [Terms of use](https://padder.com/terms-of-use/) - [Privacy Policy](https://padder.com/privacy-policy/) - [Privacy Statement](https://resources.padder.com/privacy-statement) - [Disclosure Statement](https://resources.padder.com/disclosure-statement) - [Regulatory Disclosures](https://resources.padder.com/regulatory-disclosures) - [CISRO Conduct Sheet](https://www.cisro-ocra.com/Documents/View/2471) - [Broker Fact Sheet](https://www.ribo.com/wp-content/uploads/2025/01/RIBO_Conduct_Sheet_040622-fact_sheet-1.pdf) - [Contact us](https://resources.padder.com/support) [![Padder Logo](https://help.padder.com/hs-fs/hubfs/Padder%20Logo.png?width=180&height=52&name=Padder%20Logo.png "Padder Logo")](https://www.padder.com) Padder Underwriting Inc. is a licensed insurance broker headquartered in Toronto, Ontario. It arranges coverage for tenants and landlords in provinces where it is licensed to offer insurance products. Padder partners with licensed Canadian insurers to provide your coverage. Need help? Paddie, our AI chat, is here any time. Our team is on email and phone Monday to Friday, 9am to 5pm ET. © 2026 Padder Underwriting Inc. All rights reserved.