Summary
Building healthy credit is crucial for financial wellness, and especially for achieving homeownership. That’s why OneUnited Bank has teamed up with Esusu to get you the credit you deserve!
Imagine unlocking the doors to homeownership simply by paying your rent. Your rent payments should work for you—building your credit and bringing you closer to financial freedom. That’s exactly what Esusu does.
We’re always looking for ways to help our community build wealth, and we’re excited to introduce Esusu as a powerful tool to get you on the path to homeownership
Esusu: Breaking Barriers to Housing
Millions of Americans face challenges accessing impactful financial tools due to limited or no credit history. Nearly 45 million Americans are credit invisible, meaning their financial identity is often overlooked by lenders. Add to that the reality that less than 10% of rental payments are reported to credit agencies, and it’s clear why building credit can feel like an uphill battle.
That’s where Esusu steps in, and the results say it all. Their rent reporting service allows renters to build their credit by reporting on-time rent payments to all three major credit bureaus—Experian, Equifax, and TransUnion. According to Esusu:
- The average Esusu user sees a +45 point increase in their credit score.
- Users can report up to 24 months of past rent payments, giving their credit profile an instant boost.
- No hard credit pulls—just a simple, effective way to strengthen financial standing.
From Credit Improvement to Homeownership
A strong credit score is the foundation of financial stability and a key factor in qualifying for a mortgage. With the Esusu app, you can easily check your credit score and see your credit history for the past two years. But that’s not all! It also gives you tools and resources to improve your credit and connect with helpful partners through their marketplace.
By leveraging Esusu’s rent reporting to build credit, you’re taking a crucial step towards making your on-time rent payments count, and ultimately, towards homeownership.
OneUnited Bank champions ownership as a critical bridge to closing the wealth gap. We’re committed to supporting solutions that uplift our community. That’s why we encourage our customers to take advantage of tools like Esusu, alongside our home loans and first-time homebuyer programs, to turn their dreams of homeownership into a reality.
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We believe that healthy credit and ownership are key parts of your financial well-being, which is why we’re excited to team up with Esusu. If you’re renting, it’s time to make your rent payments work for you, improving your credit score and helping prepare you for homeownership.
Together, we’ll continue to promote financial empowerment for all!
