- Credit Bureau Reporting
- 36% Reduction in Delinquencies
- $11,000 Saved Per Eviction
- 33pt to 84pt Increase In Credit For Renters
- A Win-Win For Renters and Housing Providers
Report On-time and Rent Arrears to the Credit Bureaus
Increase Cashflow, Prevent Evictions and Lower Delinquencies
#1 Rent Reporting Service
Reward Your Great Tenants While Protecting Your Investment
Report rent to the Credit Bureaus each month to incentivize and reward on-time payments.
A proven way for Tenants to build credit, a positive rental history and credit equality.
Reduce rent arrears while increasing consistent cashflow each month.
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Working To Improve The Rental Industry For Everyone
Credit Bureau Reporting Gives You Peace of Mind
Powered by Equifax to Ensure Data Accuracy
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Managed in Just Minutes Per Month
Rent payments are reported to Credit Bureau every month
Current Leases Included with Premium
How to Report Tenants to Credit Bureau Canada?
Landlords can report Tenants to Credit Bureaus as one of the easiest ways to reduce their rent arrears and reward their responsible Tenants with good credit. Landlords can lower payment delinquencies by 36%, while Tenants have reported bumps of more than 40 points in their credit score in a matter of months.
Let us look at why Tenants value good credit and how Landlords can help their Renters boost credit. At the same time, Landlords can improve their ability to run profitable rental businesses.
A Tenant Not Paying Rent is Stressful
Avoid the financial burden and stress of a Tenant not paying rent. Credit Bureau reporting allows Tenants the opportunity to include their rental payment histories as part of their credit reports. It also helps Landlords as it motivates and rewards timely rent payments and reduces rent arrears.
FrontLobby works with creditors, like Equifax, to provide a medium through which Landlords can report rent to credit bureaus. This helps Landlords attract Tenants interested in building a positive credit history, which makes them more likely to pay their rent on time each month.
Rent Reporting Can Benefit Your Business
Rent reporting benefits for Tenants are obvious. Without taking on additional debt, they can boost their credit score and build a positive credit history. But as a Landlord, you may be asking, “Why does rent reporting matter to me or my rental business?”
Rent reporting services could be the feature that tips the Renter’s decision in your direction. It can certainly aid in the process of building a strong Landlord-Tenant relationship. By offering it to your Tenants, you establish a trusting relationship based on the fact that you care for their credit-related goals. This can help secure a steady cash flow, but furthermore, it can make your job as a Landlord easier—meaning less chasing, less screening and fewer evictions.
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Easy To Use, Managed In Minutes Per Month
“This is a fantastic value add tool that we’re excited to be using. As Property Managers, it helps to reduce our risk but the bonus is that our clients and our tenants gain just as much from it as we do.”
Jason, Vionell Holdings Property Management