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Posted by Jazzm7 on May 22, 2006, 2:31 am
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New Program for renters will improve credit score and help renters qualify
for a home or credit.
Outside of a mortgage, Rent is the single largest monthly payment expense.
However, renters do not have the benefit of timely rent payments being
reflected on their credit history until now.
Renters who enroll in the Rent Reporting program, receive up to 2 Years of
previous rental history on all 3 credit bureau reports. With this program,
we will be able to go as far back as 2 years and add a tenant's monthly
payments to their payment history with verification. When renters pay their
rent on time they will receive positive payment history reflected on their
credit report with this program. As a result, the improved credit score will
allow those clients with previously only 2 trade lines or a lower credit
score to qualify for a home purchase. Renters can now build positive credit
history
by paying rent on time!
Renters receive:
* 1 year of rent reporting
* Current rent payments will be verified with your landlord/management
company
and added to your credit history.
*Receive online access (24/7) to moniter updated history.
*View when rental hisory is uploaded to credit bureau history.
To learn more about the Rent Reporting Program and how renters can enroll in
this program to begin
building or establishing credit go to:
http://www.YourTotalFinancialHealth.com
Click on the Financial Services Tab on the left and then select: Rent
Reporting.
Leasing Agents, Landlords, Management Companies and Mortgage Companies:
Learn how you can offer this program to tenants and benefit from rent
reporting at no cost to you. Simply visit the website and click on the
Contact Us link on the main menu and indicate that you are Realtor, Mortgage
Professional, Landlord or Management Company interested in the Rent
Reporting program. Convert your unapproved or unqualified clients and
increase your overall sales.
Additional financial service solutions are also available that can assit you
and your clients.
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