Bank of America has announced that it will offer first-time homebuyers in a select group of cities the opportunity to purchase a home with no down payment, no closing costs
Credit bureau reporting of home owner associations’ (HOA) assessment is a powerful tool to manage association assessment delinquencies, maintain on-time payments, protect property value and reward on-time paying residents with a boost in their credit score. This blog covers the key questions on how credit reporting to the bureaus work for home owners associations, and
How does Credit Bureau Reporting Work for HOA Assessment Payments? Read More »
Do you know why credit score matters? Are your tenants and homeowners aware that their credit scores could affect the interest rates for loans? Here’s one reason why credit score matters. Your credit score is used by creditors like banks, collection agencies, mortgage lenders, and insurance companies, in making financial decisions involving consumers’ credit-worthiness and solvency. There
Here’s Why Your Credit Score Matters and How to Improve It Read More »
Yes, it is legal to report HOA Assessments to the credit bureaus. Similar to credit card or mortgage payment reporting, The Fair Credit Reporting Act allows for the reporting of community association payments and delinquencies to a credit bureau, on behalf of an HOA or condo board. Which regulation governs credit reporting? The Fair Credit Reporting
Is it Legal to Report HOA Assessments to the Credit Bureaus? Read More »
