Hey, Mr. Wonderful here and I want to talk about credit scores. Why? Because if you have a bad credit score it’s really expensive. People with bad credit scores have a hard time borrowing money, cause lenders don’t want to take the risk and they charge really high interest rates. So one of the best things you can do is drive up your credit score so you drive down your interest expense. It’s kind of crazy that anyone pays a bill and doesn't get credit for it. So, what I say is pay your bill, report it and lower your interest expense. Well how do you do this? You have your property management company get with Sperlonga. It's a great idea, that’s why I’m doing this shout out for Matt Martin. He’s driving this whole process. Sperlonga helps you reduce your interest expense by making you have a higher credit score. A very good idea. In today's world you want to be the best you can be, particularly when it comes to credit score. Sperlonga can help. Timeshares | Sperlonga Data

TIMESHARES

Reduce Delinquencies  ::  Improve Cash Flow

6.7% of timeshare accounts are more than 120 days delinquent. An additional 1.5% of accounts are 31-120 days delinquent. Given current interval volume and average maintenance fees, this represents an industry cost of $875 million per year in delinquent payments.

The ARDA International Foundation 

"State of the Vacation Timeshare Industry" 2018 Report

TIMESHARE MAINTENANCE FEE REPORTING

For Timeshare Management Companies, Timeshare Owners, and Prospective Buyers, delinquencies can be a major nuisance.  Owners who do not pay their monthly maintenance fees on time lead to an endless collection cycle that starts over every thirty days for the unit.  This leads to expensive legal fees and countless hours spent chasing money in a very inefficient manner.

 

Through Sperlonga’s partnership with the credit bureaus, our technology provides management companies the ability to attach maintenance fee payments to an individual owner’s Credit Score.

 

By providing an immediate reporting mechanism when payments are due, owners have an incentive to make their payments on time.  Timely payments will positively impact an individual’s Credit Score and conversely, late payments will negatively impact an individual’s Credit Score.

BENEFITS

MANAGEMENT

  • Reduce delinquencies

  • Increase portfolio value

  • Less expensive process

  • Increase reserves

OWNERS

  • Higher credit scores

  • Build credit faster

  • Lower your interest rates

  • Limit special assessments

INFORMATIONAL RESOURCES

6800 Owensmouth Ave., Suite 135

Canoga Park CA 91303

info@sperlongadata.com  |  818-200-0530 

© 2019 by SPERLONGA DATA & ANALYTICS SYSTEMS LLC

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