Credit Empowerment Program
A free way to build credit for British Columbia’s renters.
Historically, renters in B.C. have repaid their rent bank loans responsibly but have not received the benefit of having this reported to credit bureaus to help boost their credit score.
This partnership between BC Rent Bank and Binta Financial changes that. Together, we’re making sure your hard work and commitment are reflected where it matters— on your credit report. And the best part is it’s at no cost to you.
Enroll Now
By providing BC Rent Bank with the following information, I am providing my consent to participate in this program. By doing so, I understand that:
- BC Rent Bank will verify my repayment history with the local rent bank where I obtained a loan.
- BC Rent Bank, working with Binta Financial, will submit that information to Canada’s credit bureaus (like Equifax).
- This program is voluntary, and I do not have to participate. It will have no bearing on my ability to be considered for future support from the rent bank program.
Why this is important
Credit is a gateway: From renting a new home to getting a phone plan, credit scores shape financial and housing opportunities.
This program gives recognition: By reporting consistent rent bank loan repayment history, renters can safely and securely build stronger credit.
Qualify more easily: Improved credit scores can help you qualify for other essentials like phone plans, car loans or utility set up costs.
How it works
This is an eligibility-based program currently being offered to renters who have repaid their rent bank loans.
The process is done in three easy steps:
1. Enrollment
This program is free to you. If you’d like to participate, please fill out the form to give consent to BC Rent Bank to enroll you in this opportunity.
2. Verification
BC Rent Bank will contact your local rent bank to verify the total number of rent bank loan repayments you have made in the past 24 months.
3. Reporting
BC Rent Bank, working with Binta Financial, will safely and securely report those repayments to Canada’s credit bureaus.
That’s it— no extra paperwork, just consent to participate, and then you’re on your way to building credit.
About the Partnership
This program is made possible through a collaboration between BC Rent Bank, your local rent bank, and Binta Financial, Canada’s leading platform for the Credit Empowerment Program.
Together, we’re working to level the playing field for British Columbians—ensuring that responsible renters have the tools to build financial stability and achieve their goals.
Frequently Asked Questions
Nothing. It’s free to you. BC Rent Bank covers the cost on your behalf.
Yes. Repaid loans can still be reported up to a maximum of 24 months.
This program can strengthen your credit profile, though your overall score may still not change, based on other activities like credit card usage or other loans.
Your repayment history is valuable, because it proves financial responsibility. By reporting it, that history becomes part of your credit profile, potentially opening doors to lower interest rates, easier financing approvals, and more housing opportunities.
No, it’s voluntary.
Yes. Your rent payment data is encrypted and securely shared with the credit bureau for reporting, in full compliance with PIPEDA privacy standards. No one can access your credit file or score except you.
BC Rent Bank can withdraw your participation up to the time of your information being submitted to Canada’s credit bureau. Please contact [email protected] to speak with us more.