A strong, positive credit history is essential to securing car loans, credit cards and mortgages – and to doing so at favorable interest rates. Unfortunately, unlike homeowners, apartment residents traditionally have not gotten credit on their credit reports for making their rent payments on time and in full.
Protecting Your Portfolio – and Serving Customers – Now and in the Future
With 2020 firmly behind us, apartment owners and operators have reasons to be optimistic about the road ahead. The pandemic has undeniably presented major economic challenges for many, but the average credit score in the U.S. increased by 1% in 2020, according to Experian.
California Senate Bill 1157 to Take Effect Soon: Here’s What It Means
SB 1157—a new California Senate Bill—requires operators of multifamily units in California that receive federal, state or local subsidies to offer each resident in a subsidized apartment home the option of having their rental payments reported to a major credit bureau.