I suggest you ...

Work with a 3rd party vendor for reporting payments to credit bureaus

I recently contacted Equifax on how to report our tenant's payments to them. I was told the following:

In order to report consumer information to Equifax, the following criteria must be met:

* Able to report 500 consumer updates monthly.
* Updates must be sent monthly and electronically.
* Must be a licensed business

If you don't meet that criteria, you may contact a 3rd party reporting agency. They may be able to report on your behalf.

I do not meet their requirements. However, I know RenTec works with Olddebts.com for collecting and reporting on bad tenants. It would be nice to reward tenants who practice good stewardship to credit bureaus too.

Thanks,
Lutcher

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Samuel III, Lutcher shared this idea  ·   ·  Flag idea as inappropriate…  ·  Admin →

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