Rented123 RentAdvance Partnership

For many renters, coming up with a security deposit or first month’s rent can be a major barrier. Through RentAdvance, we’ve partnered with licensed providers in all provinces to offer up to $1,500 in Security Deposit Loan assistance, helping tenants secure housing while improving their credit profile.

Even better, credit and debit cards can be approved to help establish or rebuild credit. When combined with our Silver Membership, members can report rent payments directly to credit bureaus, backdate up to 12 months of rent, and strengthen their credit profile and score with ongoing monthly reporting. We’re also proud to share that Magic Credit has been nominated for a prominent FinTech Award for their groundbreaking online application system, which simplifies the rental and credit approval process for thousands of Canadians.

Through Rented123 RentAdvance powered by MagicalCredit.ca, we’re bringing a smarter, simpler, and more transparent approach to rental lending — empowering renters who are often overlooked by traditional banks, financial institutions, and payday lenders. Many approvals within minutes of the application and not days, transferred into your accounts or issued Credit cards.

At a time when most financial systems feel complex and out of reach, we’re focused on making access to credit simple, secure, and rewarding. That’s the Rented123 way — turning renters into buyers.