HOA accounts are reported as Open, Secured monthly obligations, which accurately describe the financial relationship between the homeowner and their HOA. As long as they own a home in the HOA, they have a regular, open account with financial obligation. Sperlonga reports many data points related to each account, in addition to the account and […]
Working with a credit reporting service provider allows you to report your homeowners’ or tenants’ rent or assessment payments to the credit bureaus. This has given communities, landlords, and property or community association managers the leverage to ensure tenants and homeowners honor their rent or assessment obligations. There are several credit reporting service providers. You
How to choose the best rent or assessment credit reporting solution provider? Read More »
Credit reporting is the collection and distribution of credit information by bureaus such as
TransUnion, Equifax and Experian that have gained permission to access consumers’ credit
reports. Credit bureaus provide this information to creditors like banks, collection agencies,
mortgage lenders, and insurance companies, who use it in making financial decisions involving
consumers’ creditworthiness and solvency.
How does reporting rent to the credit bureaus work Read More »
This partnership shows Orange Management’s commitment to help tenants achieve access to better financial options with higher credit scores. Sperlonga’s partnership with Orange Management will reward their on-time paying tenants with a boost in their credit scores. Higher credit scores will result in more favorable terms for tenants, such as better interest rates or even
Sperlonga welcomes Orange Management to the Rental Payment Reporting Program Read More »
If the homeowner were automatically reported to the credit bureau every month, he would have that incentive to stay up to date on his assessment payments. What are the consequences of not paying HOA Dues – Part 2 In our previous post, we chronicled the true story of a homeowner, who has not paid their
I still haven’t paid my HOA Dues | Part 2 Read More »
