Reporting consumer credit data to the NCRAs (National Credit Reporting Agencies) is not mandated in the U.S. Many, if not most, single and multifamily landlords utilize credit scores when determining potential renters’ creditworthiness. Yet relatively few see the merit of contributing data back to the agencies. They are missing an opportunity to influence the tenant’sRead In Full
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NEW RESOURCE FOR RENTAL PROPERTY OWNERS The national COVID-19 conversation has shifted from mitigation to vaccines and reopening our economies. Entire industries have been devastated, and many of the effects of the changes over the past year will linger. Rental property owners have not been spared and now face an unprecedented rate of delinquent rentalRead In Full
Credit scores and credit reports can impact nearly every aspect of our financial life. Naturally, we want to achieve the best score and report possible to order to obtain lower interest rates, have access to the best services, be competitive for the best housing, etc. Thankfully the credit reporting industry has become much easier toRead In Full
Credit scores can be confusing, especially for those new to the credit world. Today there are more tools than ever for keeping track of, or helping to improve, credit scores. Websites like Credit Karma offer simulations for how credit changes could impact a credit score. What surprises some is that having more accounts can actuallyRead In Full
Owners who do not pay their association assessment in a timely fashion become a time-consuming headache for the management company, creating extra tasks and legal expenses. This is why HOAs need Sperlonga’s help. Together with Equifax and TransUnion, Sperlonga’s patent-pending technology assists associations with the process of attaching a late assessment payment to a homeowner’sRead In Full
There has already been widespread acceptance of home owners association credit reporting by many HOAs and it is filling a need. In recent years, non-traditional information has been included in credit reports to help consumers with little credit history to gain access to credit. “The idea or need of homeowner associations reporting account information isRead In Full
Sperlonga is excited to announce that we have finished our integration with Rent Manager. Now even more people can be benefited by automated credit reporting. Many renters have become aware of how important it is to build a credit history so they have the credit score they need should they decide to become homeowners. BeforeRead In Full
Ehmann Inc provides rental property management services to the Durham, NC region. By partnering with Sperlonga, Ehmann can now reward all of their on-time paying rental tenants with increased credit scores. Also, Ehmann will benefit from increased payment timeliness and cash flow. Credit reporting rental tenant payment history is the best way to insure rentalRead In Full
Starting in 2001, TRIO has been offering innovative financing programs to make home ownership possible for more Americans than ever before. TRIO’s leadership team has a combined experience of over 300 years in serving residential financing needs. Sperlonga is excited to help TRIO continue to serve their clients through fiscal responsibility, decreased delinquencies and increasedRead In Full
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Rental Payment Credit Reporting
RENTAL PROPERTY PAYMENT CREDIT REPORTING Reporting rental property payments to Credit Bureaus benefits tenants and landlords. RENTAL PAYMENT REPORTING TO THE CREDIT BUREAUS Reporting rental property payments to Credit Bureaus benefits tenant and apartment owners: Owners have more leverage to prevent tenant delinquencies Helps tenants build credit and improve credit scores Helps tenants reduce their financeRead In Full