Reward responsible renters and discourage late payments with ResidentCredit®. Rental payment history helps establish and build the credit history of your residents
Set yourself apart from the competition and convert more and better leads into actual residents by [promoting rent payment reporting as a renter benefit]
Appeal to conscientious residents who care about their financial reputation and want to increase their credit score.
Encourages residents to pay on time
Only TransUnion ResidentCredit accepts and discloses both positive and negative data. This motivates residents to pay on time and lets you see delinquencies in real time as you screen applicants — not just as collections or public records.
By paying online and on time, residents can build their credit history and see the potential impact to their credit score. As for property managers, the on-time payment incentive for residents has shown to help improve cash flow through reduced delinquencies.
Reporting rental payment information to TransUnion is fast, easy and costs nothing.
“Given that we’re there to assist our customers in being financially strong, smart and prepared, it was important to us to find a better way to build a credit score. For that reason, TransUnion quickly saw the value in rental data and we began working together to formulate a file format and process for us to submit rent payments to them.”
Jim Rowley, RentPlus
of renters may see their credit scores increase in the first month of reporting
of residents who payments were reported decreased their late payment rate by 26–50%
of surveyed renters would be more likely to choose your property if rental payments were reported to a credit bureau