TomoBoost - Frequently Asked Questions
Find answers to common questions.
TomoBoost
- What is TomoBoost?
TomoBoost is a product we developed to help increase credit scores FAST. We also enhance this process through analyzing successful recurring payments.
- I don't see rent showing up.
Our rent identification system is now out! If you still do not see your rent transaction showing up, you can add it manually under the "Don’t See your Bills?" section within your dashboard.
- What payments qualify for boosting my score?
Any recurring bill qualifies: This means Utilities (water bill, electricity bill, cable, gas bill, etc). Subscriptions (Netflix, Hulu, Spotify, etc). But not limited to these! Gym memberships, Rent, Car Insurance payments, and more.
- What is Credit Reporting?
Most people have more than one credit report. Credit reporting companies, also known as credit bureaus or consumer reporting agencies, collect and store financial data submitted by creditors, such as lenders, credit card companies, and other financial entities. Creditors aren’t required to report to every agency. Lenders use credit reports to decide whether to lend you money and at what interest rate. Other businesses might use your credit reports to determine whether to offer you insurance, rent a house or apartment to you, or provide you with cable TV, internet, utility, or cell phone service. If you agree to let an employer look at your credit report, it may influence their decision to hire you. The three major credit reporting agencies in the United States are Equifax, Experian, and TransUnion.
- How much will my credit score go up?
This depends on multiple factors outside of TomoBoost; however we have had users boost over 150 points! Depending on your membership tier, you will see different levels of positive impact on your credit score.
- My personal information is wrong.
Please reach out to customer support to update your personal information.
- My bank or account is not supported.
We use Open Banking Platforms to securely and privately access your positive bill payments, and some banks or accounts may not be supported. Most of the time this is out of our control - but if you have any banks you would like for us to put in a request to add, please contact support.