We’re excited to announce that Southedge RPG has joined Sperlonga’s Rent Payment Reporting Program!
By reporting both positive and negative payments to major credit bureaus like TransUnion, Equifax, and Experian, Southedge RPG can significantly improve rent payment compliance and enhance their overall cash flow. The knowledge that rent payments are being reported to credit bureaus, and can impact residents’ credit scores, serves as a strong incentive for timely payment.
Rent payment reporting also promotes resident retention by offering this credit-building amenity to renters. It also helps attract credit-conscious residents, which can minimize headaches down the road including costs associated with eviction.
Through this partnership, Southedge RPG is not only benefiting their own business but also helping their residents achieve their financial milestones. By providing an opportunity to build a robust credit history and improve credit scores without accumulating additional debt, residents can access better financial options.
It’s a win-win solution!