New payment tech helping renters use debt to cover housing costs

How RadPad, RentShare, TimePay and other services are allowing tenants to pay with credit

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Brian Gianelli says he used to earn travel rewards from a credit card simply by flying a certain number of miles every year. But to hang onto those benefits, now he says he’s also required to charge more than a certain amount to the card. That’s one reason why Gianelli, a TV blogger who lives in Los Angeles, started using the card to pay his rent. “I love the flexibility it gives me, and I need to hit a certain spending level to hit my mile status with United ,” said Gianelli, who uses a third-party payment app powered by RadPad to make payments with a credit card to his landlord. New online payment services are offering unprecedented economic flexibility to a growing number of renters like Gianelli, providing trickle-down benefits to real estate agents and landlords. But some industry insiders say technology that makes it easier to finance rental costs also creates risks for both real estate professionals and consumers. Online payment systems that let tena...