Sunday, April 27, 2014

Realty Connect partners with Experian RentBureau as of May 1, 2014

Experian Rent Bureau

by Erik Laine, RealtyConnect

RealtyConnect is pleased to announce it has partnered with Experian to deliver resident payment history to its RentBureau Reporting system.  This unique system can empower millions of Americans to build or rebuild their credit scores.  Simply by paying on time, responsible renters may now have the opportunity to gain access to the mainstream credit products they deserve.

Key benefits to residents who pay on time:
  • Establish or rebuild your credit history.  You can now make your consistent on time payments benefit your credit history.
  • Qualify for what you deserve.  Your positive rental history can now be leveraged when applying for credit.
Experian has reported increases in some cases up to 100 points on a credit score for a year of on time payments from a resident.  This is a great way for displaced homeowners to get back on their feet and rebuild their financial future.  Additionally, it is a great opportunity for students and young adults who do not yet have a credit history to start building positive information on their profile.

We are pleased to be able to provide this great benefit to our residents.  In addition to reporting on time payments, late or non-payment information will also be reported to Experian and will be reflected in a residents RentBureau Report and available to future landlords and managers.

For additional information about RentBureau reporting, visit:

http://www.experian.com/rentbureau/rental-payment.html