 Ladies and gentlemen, boys and girls and children of all ages welcome to the Prince of Investment coming to you guys and girls live All the way from a beautiful city and state of Denver, Colorado via Honolulu, Hawaii. If you haven't done so already, please make sure you hit that like to strive comment share button and leave your comments below So as we're streaming live today, and as you can see in the description box and the title We have a very interesting episode coming up to you guys and girls live today So we all heard about the concept of raising your credit score So many people asked me hey, how can I raise my credit score? You see so many advertisements about hey, we can do credit repair Help this to do this to raise your score also so many ways But if you're like me in my younger years Serving the military You didn't have to the only way I raised my credit score was I took out loans I use credit cards, but overall I was pretty responsible and that was key in order for me to raise my credit score But I came across this very very interesting Company that does something very very cool So what they do is for most people when you're young you maybe have apartment Maybe you may have your own apartment or you maybe may even be living with your parents So what they do is like hey if you are paying rent somewhere They found a way to report this to the credit bureau for you in return to increase your credit score I thought that was pretty cool. So today's episode in topic. We're going to talk about using your credit With rinse of karma to increase your credit score But here live today in the studio to have joined joining us is Miss Phyllis Jackson She is the chief communications the officer coming all the way live from I think she's in Houston, Texas Please hopefully I didn't miss quote that. So how you doing there miss Jackson? I am good. Yes. I'm here in Houston, Texas I somewhat missed Denver in my pizza out there So nice to be on with you Prince and thank you guys for having me here to talk about this beautiful service that we provide Okay, cool. Cool. So first what people out there who may not know Can you tell them about rental karma karma in gentle in general? Yes, so as Prince started stated We are a company that will take your rent history and your rent payments and place on your credit report, right? There are over 109 million renters in America. That's over a third of the population And we just didn't think it was fair that people who spent 30 to 50 percent of their income on their rent Are not having that be accounted on their credit score just like a mortgages, right? Your mortgage payment is on your credit report your credit card payments Your car payments on your credit report and now of course like experience has experienced moves where you can Add your Netflix payment and any other type of subscription payments But we just didn't think it was fair for people who are working hard every day Who are at times even struggling to make ends meet that they are having to you know Pay that rent and they they're not getting any credit benefit from it at all So my partner cullin can is there a CEO of rental karma came up this idea some years ago About doing this particular, you know service for you know other Americans and you know what it's been such a great thing people when they find out about it They're like, oh, that's an easy the like why didn't they do this before? You know and we're you know providing a service that's definitely needed Okay, well now people that listen to this because you know growing up I saw so many people That use just you know that live in apartments. Maybe their whole life Maybe there's running for their whole life and I always was kind of like hey We know what how what can you do to help both to that to push them to the next level? So my next question to you someone who's listening to me and saying hey wow, I didn't know I can do that How exactly could they do that? All they have to do is go to our website at rental karma calm and we'll have the information I'm sure on here to share and you just take the steps to see if you pre-qualify 95% of people actually qualify to Be you know featured and to have their rental history featured onto their credit report So just take those steps go to rental karma calm Set up your quick profile answer the quick questions And then we will go through the verification process to see if you qualify and 95% is a very big number like it So that's basically mostly everyone actually qualifies to get their rental history and their current rental payments to be featured on that credit report We do have our current relationships with both TransUnion and Epilefax So those are the two companies that your rent will be reported on and the average score is a 40 point increase Which is pretty good that usually for people who let's say someone's looking to buy a home And they need that extra 40 points to get them over that finish line to qualify for a lower Mortgage interest rate it takes less than 10 days for that those points to show up And that's the average score when I did it before I actually purchased my home I joined and used our service myself my score just went up 15 points But I have a friend who scored went up 104 points So it differs from person to person So all you have to do is go on to the website at rental karma calm Go through the steps to see if you pre-qualify it takes just literally a couple of minutes and then Let's say you qualify you get through the gate like that It takes just a few days for us to go through the system go through your registration contact your landlord get a verification that you are paying your rent and What separates us from everybody else is the few other players in the game We won't mention their names What separates us from them is that you don't have to have a bank account or some kind of online login for us to verify We will contact landlords directly on your behalf We are very people powered and we're very people centric Which is why we created this in the first place were for the 109 million years that are out there And we want to make sure that everyone is benefiting from this program who can and I wouldn't even say program I would say the service if they can So yep, go to rental karma comms if you pre-qualify most people will and just take those steps in within 10 days of signing up And going through that verification process You will see your score increase and change on your credit report your Equifax and your transient credit report Okay, so let's go ahead and pull that out right now. Let's go to rental karma calm Let's take a look at it and you see you go to the website Yeah, and you just click on to your own profile itself, right? Yeah, so here we have as you can see I have the question Do you know you could build your credit rent because most people even know that this is still possible? Like most people because this just became possible over the last few years, right? So people don't even know that this is possible to happen and it's able to happen And so we we prove, you know, we pose that question for everyone out there who needs to learn about the process and Then yeah at the very top of the website We have up there that is free to get pre-qualified So they click on that button right there or they click on that get started But then they go to the form to fill out it takes less than a couple of minutes to give their their first name They're their last name. They're just general information and They follow through the prompts fall through the the small process and the information gets to one of our Intakers in our corporate office and they will contact and make sure that everything's legitimate and then boom You are on to the next step to To get your information put on to your credit report as it should be that rental history and those weren't payments in your credit report Okay, also now gotta think about this right so for parents out there who has that child For the parents out there who have those children that may stay at home Why are they in college or they may stay at home while they are figuring life out things like that So they may have to pay rent to their parents or whatever Can if my son stays at home with me and I'm his quote-unquote landlord Can I have that reported on his? Credit report to run to karma Yes, you can as long as we can call them Verify and make sure that you know the the amount that you say Everything is legitimate that is fine now. Let's say someone's let's say someone is Sub leasing from another individual that is something that doesn't qualify, right? It's In no past leases qualify. So let's say someone has You know, they're like, hey, I live at 1111 Main Street in 2015 and now I live with this address. We only report your current address where you are currently Listed that's what we report and Yes, if so if we can verify that you're paying and you show that yep I'm paying this amount of money to my parents and there's a way to verify that We will definitely take that on as a qualification for the rent reporting Okay, so we're gonna take a quick break and I mean a very quick break and we're gonna be back more With miss Phoenix Jackson and rental karma so guys and girls and children of all ages y'all stay tuned as we take a quick break And we'll be right back Aloha, I'm Dan leaf I go by fig because I was an Air Force fighter pilot for 33 years and you have to have a nickname I get to host I'm think tech Hawaii two shows figments the power of imagination and figments on reality The power of imagination introduces you to some of my incredible friends and their life experiences Astronauts war heroes Hollywood writers. You name it. They're on it and you'll be inspired and entertained and on reality I'll give you something hard to find Non-political commentary on today's events. That's right non-political because the vitriol doesn't help folks So figments the power of imagination figments on reality both on think tech Hawaii Ladies and gentlemen boys and girls and children ladies you are now back You're live with the host Prince Dax the Prince of Investment coming to you guys and girls live all the way from a beautiful city and state of Denver Colorado via Haluulu Hawaii So if you missed earlier if you just to an end now or if you missed the early beginning of the show We were talking about rental karma using utilizing your rent in order to increase your credit score If you were like me and so many of many of Americans and people across the globe Most of the time your rent was not included in helping you build your credit score So things I did to build my credit score was I went out and got a credit card You know, thank God I was responsible with it I went out and took our loans then God I was responsible with that But I was paying rent the entire time with entire time before I purchased my home The whole time I was purchasing my rent none of that went on reflected on to my credit report in return That did not help out my credit score So when I purchased my home purchased my car is more than just purchasing home We purchased your home your car all type of thing everything we do in our lives are connected to our credit score some type of way So now today we have rental commerce chief Communication officer who's live with us from Houston, Texas Ms. Phoenix Jackson. She's joining here joining us here live today and Miss Jackson. I want to ask you this question How what makes rental karma what is the competitive advantage that rental karma has over Some of the competitors out there that said hey, we can repair your credit. We can make you better. What are some of those advantages? So the the major advantage is that we stick to what we know, right? We are a rent reporting agency We're not trying to do credit counseling over here do this over there We say hey, we're gonna come in and report your rent your biggest bill that you have every month we're gonna make sure that you're getting something out of paying that bill of course other than a roof over your head, right and What separates us from the other companies that are doing what we're doing in reporting is that we were very people-powered So I know that you're probably aware of this before you 6% of Americans are underbanked and they do not have bank accounts or You know traditional they don't use traditional checks and even online portal systems to pay their bills They may be using cash Venmo PayPal They may be writing a personal personal check from you know An account or they could actually be going to their local grocery store and getting a money order We will find ways to verify their payments if they somehow do not have a bank account Or they do not have an online system that does a direct draft from a particular bank account We find a way to verify that so that they can get it their payment can get accounted for And most other companies do not do that They depend on a person having a bank a standard bank account and using an online system to make that payment every month And a lot of people do not make their rent payments that way Okay, so you tap it into that 40 percent 40 percent market that is under Underbanked so essentially you're saying people with who utilize Venmo and Cash app and you know the plethora Payment plans out there run so karma can actually use that to verify Yep, we can yes, and we are we don't just rely on the algorithms and our IT and our technology Although we do have great technology. We rely on our people. We have a we have great staff a very diverse staff of People of color women just our diverse staff really does represent the American people We are Spanish speaking as well So we have a large population of immigrants from different part of the world and particularly from South America and Mexico as well who Are probably immigrants in America and even if they're undocumented We can find a way to verify their living situation and verify them and actually help them create a credit profile for the first time Oh, wow. Yeah. Okay. So we look at the the landscape of it itself, you know looking back on it I think that you know Me being big on children's financial literacy finding ways to start kids investing early helping them build their credit early Give them insurance early Even getting them in the real estate early, you know with purchasing them land things like that houses if you can or whatever What are some ways that you think that people can enhance their lives? Like, you know, how can it add this to their ecosystem of how they're living? To better themselves essentially To thank you for asking that so two ways the first thing is if you are renting under no circumstance Should you not have your rent reported your rent needs to be on your Equifax your transient and when we sew up that relationship with the experience, it's going to be on there as well Our fee is like eight ninety five a month Which to me is a very small price to pay To get those extra points where now you're stepping into another financial viability bracket, right? You're stepping into a bracket to where your car payments interest rate is going to be lower your credit card interest rates are going to be lower It's very expensive to be impoverished in America And I hate to say it like that, but it's a reality It's very expensive to be poor in America the interest rates are higher your bills are higher Everything is higher everything is more expensive for the poor and I say that as someone who used to be poor I remember struggling and struggling financially Throughout the years up and down and not being able to to get over the fact that I had a 16% prime Separate on my SUV, right? So things like that. It's expensive. It's expensive. So Getting your rent reported or raise your score, which will help you to step on to that next level of financial viability Also for individuals who want a little bit of a side hustle We have a refer your friend program inside of rental karma So let's say you are a person who's on rental karma and you see that it works for you and increased your score We can give you a code to use that you can pass along to your family and friends Or you can just give them your email address since you're already in our system And you'll get $25 for every single person that you refer to rental karma So it's almost so there's a way for it to be a little bit of a side hustle for people who want to Sort of get some extra money on the side and we have influencers and individuals who are doing very well Because they they've signed on to our ambassador program Hmm. Okay. Yeah, so now I gotta ask you this question I mean, I have to have to commend you on rental karma when I saw it. I thought it was pretty cool I remember being there myself when you know trying to build my credit. I remember getting my first cell phone I always tell the story the first thing I went abroad I went and brought my first cell phone when I got a bootcamp. I was 18 years old It was a sprint phone and they said hey We got to pull your credit to see what your credit score is going to be when I went to go We went I said, well, you know my credit score got to be good because I never used it and I came back And I realized that no credit was the same thing as bad credit So I ended up having to pay like five six hundred dollars down just to get a cell phone at the time And then I was kind of like well, what can I do to help build my credit because at that time I had never used my credit in my life and I had friends They went out and got credit cards and they took our loans, but they wasn't responsible with them So it kind of started that downward hill trot even though they did it just to help themselves end up hurting themselves So I definitely commend you commend you guys and girls For starting to run to Carmen I think it's pretty cool for people out there to turn around and I think a good target will probably be military people Because there's a lot of single military people that are even are even married that are probably renting Because they move around so much to moving from city to city to state the state every one or two or three years Appending and they may not have purchased their first home yet. So this could be a way to say hey Everybody's paying rent everybody's paying for something so no I want to ask this question. Is it just written that you report or do you report things like my cell phone or things like that? So we just report right now but we are Stepping into other reporting through our partners and we'll roll out that information and some of our newsletter and social media soon as we flush some of those partnerships out but right now we are just reporting rent and We you know are just really focusing on getting more people into that particular service We've helped over 70,000 members To get their rent featured onto their cripple But that's just a drop in the bucket right when you have a hundred and nine million Americans out there who are renting We don't know we don't know and what we're learning is that people don't even know that this Exists that this is even a possibility to be at it and when I go on to my social media And I just casually will say in someone's thing like hey, you guys want to you know boost your credit They're talking about credit if you guys want to boost your credit go to run a carbon economy if you're renting and get your rent Put on your credit that'll help quite a bit and they're like wow, you know And then when they do it and they realize man my score went up 65 points or 85 points. That's that's a major difference That's a major difference and but even between when you're getting ready to purchase a home That's a major jump to just help you get a lower Mortgage interest rate, which could save you tens of thousands of dollars over the 30 years long or even a 15 year long Okay, now that I see this question, you know if you feel comfortable with with Answering it. Okay. What's next or rental car? What's next is we are rolling out our ambassador program So we have our for our friend program where we are giving people that access to make more money off of our services But we have Recorded content and videos and information from some select NFL legends Because that's one thing that we are trying to educate Americans on is that some of our professional athletes out there are still renting some wealthy people Rent because they're just not interesting in the interested in the upkeep of either person to go home Or like you mentioned people in the military who travel from state to state or even sometimes overseas a lot of our professional athletes Don't know if they're going to be in a state for more than a few years and they don't want to buy They they are comfortable with renting, you know, and so we want people to understand that It's not people of a certain socioeconomic status that are renting Americans of every socioeconomic status are renting and we're going to really tell that story Through some of our content that we're going to be rolling out here soon And we have some great tech partnerships along the way With some great credit building apps that we're working with and our next step is just to expand and grow Our goal is that we can get a million individuals into our system to help them with this particular process Okay, well, I'm glad to hear that Well before we get out of here today, I want to open the floor to you This is when I open the floor and this is your opportunity out there for anybody that is watching live That's going to catch the playback that catch the audio version how they may catch this What what do you want to leave them with? How can they follow you? How can they get more all the great stuff like that? Yes Well, my name is Phoenix Jackson and you guys can find me on Instagram at fly Phoenix Jackson But for rental karma, just go to rental karma.com. You can follow our services there Or even follow us on Instagram at rental karma. So the spelling our ENTAL KHA RMA We are on Instagram. We are new to Instagram. We're new to tick tock Actually, our biggest followers are on our Facebook But we are really trying to grow our social media. We love you guys to follow us connect with us We have great Incentive programs that we offer on there and great contents that we're rolling out We're going to be giving away all kinds of fun Items and money coming up for the holiday season for people to tell us their story of how rental karma has helped them We're always in all kind of cool contests. We're going to do a rent paying contest soon We're going to pay someone's rent every month. So Hmm follow us and hey, you may be that lucky person's who rent we pay in the month of November and December You never know connect with us on Instagram at rental karma I might get my rent pay, you know Definitely definitely definitely definitely been great to have you on. Thank you And great to have you on and if you ever need to come back this one's definitely just let us know all right I will I appreciate you so much and I love the work that you all do here at Think Tech Hawaii All right Well, ladies and gentlemen boys and girls and children of our ages until the next video podcast book What have us crazy you see me do around the globe? My name is Prince Dykes. This is the prince of investment piece Be safe. I'm out and thank you