Learn how to confirm if your tenant’s rental debt reported through Openroom has impacted their Equifax credit report.
KEY TAKEAWAYS
Small landlords face financial and emotional strain when tenants default on rent, as Ontario's slow enforcement process often allows tenants to stay without paying for long periods.
Openroom’s Rental Debt Ledger enables landlords to report unpaid rent to Equifax, impacting tenants' credit scores and creating potential consequences for non-payment.
Through Openroom’s verification process, landlords can confirm that unpaid rental debt has been reported to Equifax, providing transparency and a sense of accountability.
This content was shared by Openroom CEO Weiting Bollu in the Openroom Rental Nexus Newsletter and reposted publicly for your viewing.
When tenants default on rent, the system’s slow enforcement and backlog at the Landlord and Tenant Board (LTB) allows them to stay in properties without paying for extended periods. If you are a small landlord, rental income from your property is most likely used to cover your mortgage, maintain the property, and cover your expenses.
Dealing with non-payment of rent without a clear path of recovering these arrears made me feel angry, frustrated, worried about my property, and at times even hopeless. I know from listening to all of your stories, that I am not the exception in having this experience.
Openroom's Rental Debt Ledger
This is the top problem Co-Founder Vishal and I wanted to solve when we embarked on building the Openroom Rental Debt Ledger to negatively impact credit scores and credit reports when a tenant does not pay rent. This past week, we verified several distinct tenant profiles to know that our 2-year journey of ideating and testing with you, our Openroom community, works. It works!!!!
We answered the question: "How do I know rental debt I reported through Openroom has hit Equifax?"
What is shown?
When Openroom hits the Equifax credit report for unpaid rent, 5 distinct attributes are shown. 1. It's under the COLLECTIONS section. 2. It says OPENROOM.CA RENTDEBT. 3. It says the Landlord's name. 4. It says the amount owing. 5. It indicates it is UNPAID.
How does it work?
On the 15th of every month, we calculate the interest owed on the rental debt and send the latest amount owing on the rental debt court order into Equifax. Then, we can help you do an verification to see if it showed up on the report (optional).
Rental Debt Ledger
Track and report unpaid rent to Equifax with the Rental Debt Ledger.
This matters to people who are owed rental debt. Being able to negatively impact the credit score and have it show up in the 'Collections' section is how it should be - just like credit cards.
This matters when you are screening tenants. You should look out for a line item such as the above that indicates whether someone has rental debt.
This also matters to great renters out there because the more we can hold people accountable, the better the rental ecosystem is. We can work towards a more affordable rental future.
We are on a path to build transparency in the rental ecosystem. That starts with our mission of HOLDING PEOPLE ACCOUNTABLE for their actions.
No, one does not just get to walk away when they owe rent.
At Openroom, this is just one of the ways we are putting your court order to work. As we dive deeper, we learn more. We promise to share what we know with you.
Stay Updated with Openroom!
Every other Sunday, the Openroom community receive a newsletter straight from me, packed with the latest rental market news, insider tips, and updates on what’s happening at Openroom! Join Openroom’s newsletter.
It’s all useful, no fluff. By subscribing, you’ll also be part of a community that values civic engagement. Our newsletter helps us gather your thoughts on key issues through quick polls, ensuring your voice is heard.
Get the latest
Join Openroom's newsletter to get more insight and news. No fluff.
01. How can I verify if a tenant’s rental debt reported by Openroom has been recorded on Equifax?
You can check the Collections section of the tenant's Equifax credit report to see if it lists "OPENROOM.CA RENTDEBT" with the landlord’s name, the outstanding amount, and an “Unpaid” status.
02. Does Openroom take a portion of the money owed if a tenant pays back?
03.Can I use this for rental debt for damages and utilities beyond rent payments?
Yes. As long as you have an Ontario Landlord and Tenant Board (LTB) order that states the tenant party owes you for a set amount of money, you can use the Rental Debt Ledger. This means it does not need to be only for the monthly rent owing to you.
04.Can you tell me more about your relationship with Equifax?
In August 2023, Openroom signed an official agreement with Equifax to work with them as a Data Furnisher partner. Throughout 2023-2024, we have completed several tests to ensure that the data we are providing to Equifax is factual, verified, and complete to the best of our abilities. To learn more about this, you can view our Help Center Article on: Openroom & Equifax Partnership.
05.Is it possible to remove a rental debt listing from Equifax once it’s paid?
Yes, once the rental debt is fully paid, landlords can work with Openroom to update the status on Equifax to reflect a paid balance.
Affordable Housing
Canada
Community
Court Order
Credit Reporting
Education
Justice
Investment
Landlord
Law
Legal
LTB
Mortgage
News
Ontario
Openroom Plus
Personal Use
Privacy
Procedural Fairness
Property Management
Realtors
Immigrants
Rental
Rental Debt
Rule of Law
Small Claims Court (SCC)
Tenant
Unaffordability
Update
Weiting Bollu
Mom, Rental Housing Provider, Rental Housing Advocate, Educator, and Openroom Co-Founder & CEO
About the Author
Weiting's entrepreneurial journey began with a costly lesson in rental property management, where she experienced losses exceeding $35,000 due to non-paying tenants. Determined to prevent others from facing similar challenges, she built Openroom to pave a future towards a transparent and connected rental ecosystem.
Drawing from her extensive background in software product management spanning education, telecommunications, insurance, and artificial intelligence, Weiting has become a trusted advisor to founders of venture-backed companies. Beyond the tech sphere, Weiting managed properties for over a decade and made significant contributions to community leadership. She’s served on the Board of Rotary District 7070 and chaired various organizational committees.
Weiting balances her professional endeavours with being a parent of two kids under two. Alongside thousands of other parents, she was awarded participation trophies in innovative improvisation, ever-changing expectations management, daily roadmap planning, and hardcore patience!
On this page
Find an order
Find a court order for free on Openroom's database.
Origins of Renoviction Laws in British Columbia and Ontario
Jasmine Jasani
Growth Advisor
Explore how New Westminster, B.C., led the fight against renovictions, influencing amendments to the British Columbia Residential Tenancy Act for enhanced tenant protections
Toronto’s Rental Renovation Licence By-law was passed in November 2024 and will take effect in July 2025. Find out what this means for small landlords in Toronto.
Natural Justice and the Landlord Tenant Board of Ontario
Nicola Bain
Paralegal
Unlock the key insights into landlord-tenant hearings! From the essential principles of natural justice to navigating procedural fairness, this article demystifies the Landlord Tenant Board's discretionary power.
"Bad Tenant/Landlord Lists" - What's the deal? The answer may surprise you so sit down, grab a coffee, and take a read. It's a long article but one worth reading and sharing.