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How Assessment Payment Reporting Helps Your Credit Score

4 of the 5 factors that make up your credit score are positively impacted by reporting your community assessment payments to the credit bureaus. If you make your assessment payments on time, you show that the largest factor in your credit score, your payment history, is positive with yet another financial commitment. By adding your payment history to your credit report, you […]

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Society Has Allowed HOA And Condo Assessments To Become A Secondary Obligation

For too long, HOA and Condo assessment payments have taken a back seat to that of the mortgage and other banking payment obligations.  We wonder why?  Assessments fund an entire community’s ability to operate and effect tens, hundreds, or thousands of other families, while mortgage, credit card, and auto loan accounts, only affect the specific

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Coronavirus Stimulus Package Set to Assist the Community Association Industry in Major Way

It is being forecasted that President Trump and the House will quickly pass the CARES act which will provide crucial assistance to small businesses during these unprecedented times.  The focus is to assist small businesses; keeping their staff employed, paying their rent and their debt service.  We urge members of the association management industry to

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What Can Rental Property Owners Do If They Are Unable to Evict Delinquent Tenants During Covid?

NEW RESOURCE FOR RENTAL PROPERTY OWNERS The national COVID-19 conversation has shifted from mitigation to vaccines and reopening our economies. Entire industries have been devastated, and many of the effects of the changes over the past year will linger. Rental property owners have not been spared and now face an unprecedented rate of delinquent rental

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Top-3 Traditional Strategies to Collect Delinquent HOA Dues

Owners who do not pay their association assessment in a timely fashion become a time-consuming headache for the management company, creating extra tasks and legal expenses. This is why HOAs need Sperlonga’s help. Together with Equifax and TransUnion, Sperlonga’s patent-pending technology assists associations with the process of attaching a late assessment payment to a homeowner’s credit score or HOA delinquency payments reporting.

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