Rebuild your credit. One payment a month. Reported straight to Equifax.

No. Signing up never adds a hard inquiry to your file. You can join with no history, a low score or a past bankruptcy.

No. AvenaCredit is a membership, not a loan. You never borrow money and there’s no interest. Your monthly membership payment is what gets reported.

Your first payment is typically reported to Equifax Canada within 30–45 days. How much your score moves depends on everything else on your file.

Results usually start to show within 3 to 5 months on Starter and Build, and within 2 to 3 months on Boost. The longer your plan is active, the better your results, because every on-time payment adds to your history. Results vary with the rest of your credit file.

A tradeline reported to Equifax Canada — $1,000 on Starter, $1,500 on Build and $4,000 on Boost — with each monthly membership payment reported on time. Build and Boost also report your rent and utility payments, and Boost adds up to two years of past rent. The optional AvenaCredit Secured Card adds a second tradeline.

A tradeline is an account that appears on your credit report, with its limit and its payment history. Your AvenaCredit membership is reported to Equifax Canada as a tradeline of $1,000, $1,500 or $4,000, depending on your plan, and each monthly payment is recorded as paid on time. It is a reported account, not money you can withdraw.

Rent and utility bills are not normally reported to the credit bureaus, so paying them on time adds nothing to your file. With Build and Boost, we report your rent and your utility payments, phone bills included, to Equifax Canada every month, so the bills you already pay start to count toward your credit history.

Backdated rent reporting adds rent you have already paid to your credit file. With Boost, up to 2 years of past rent is reported to Equifax Canada, so that history counts now instead of being built one month at a time.

Membership is billed monthly with no interest and no setup fee. Twelve consecutive on-time payments are what build the history lenders look for, so most members stay at least a year. Starter and Build can be cancelled anytime.*

Tell us before your payment date and we’ll work with you. A returned payment carries the bank’s processing cost plus a small administrative fee to contact you and correct your file — details are in the Membership Agreement.

Yes. We follow PIPEDA and Quebec’s Law 25, your data is encrypted, payments are processed securely, and we never sell your information. You can request a copy or deletion of your data at any time.

Yes. Add the AvenaCredit Secured Card from your dashboard whenever you’re ready. You set your own limit with a refundable deposit of $250 to $5,000, it reports to Equifax as a second tradeline, and it costs $9.99/month on Starter and Build or comes included free with Boost.

Most credit-building apps do one job: report a small line, or report rent, or issue a secured card. AvenaCredit does all of it in one membership. Every plan reports a $1,000 to $4,000 tradeline to Equifax Canada, includes monthly balance alerts, a credit dashboard with tips and the Rebuild Your Credit ebook. Build and Boost add rent and utility reporting; Boost reports up to two years of past rent and includes 1-on-1 credit guidance; the AvenaCredit Secured Card adds a second tradeline on any plan. One login, one payment date, no hard credit check — and the file lenders actually approve, not just one line on it.

A credit builder loan locks your payments in a savings account and charges interest or fees to release them at the end; some carry rates above 25%. AvenaCredit is a membership: there’s no borrowed money, no interest and no hard credit check. The membership payment itself is what’s reported to Equifax as an on-time payment on your tradeline. Read the credit builder loan comparison for the full breakdown.