Credit Gnomes creates a seamlessly integrated conduit for property management companies to report resident rental payments to the three major credit reporting agencies (Experian, Equifax and TransUnion).
Equifax, TransUnion, and Experian.
Credit Gnomes creates a seamlessly integrated conduit for property management companies to report resident rental payments to the three major credit reporting agencies (Experian, Equifax and TransUnion).
Our solution improves cash flow for property owners by reducing delinquency and “bad debt” while allowing residents to benefit from making timely payments of their largest monthly expenditure, their rent!
Credit Gnomes promotes financial literacy with educational resources and insight that help renters understand how credit scores are determined and how to build better credit.
These resident features can improve their access and reduce their cost of credit.
Credit Gnomes works with Property Managers and ownership groups in offering a program that allows them to generate ancillary revenue from a service that reduces delinquencies, assists in proactively managing collections, and is a tool that enhances the upfront screening and tenant application process.
Credit reporting plays a significant role in the financial landscape, with large banks and lenders recognizing its power. At Credit Gnomes, we empower property management companies, owners of rental properties, and homeowner’s associations to level the playing field. We provide them with the means to accurately report payment information, enhancing their customers’ creditworthiness.
Discover how Credit Gnomes can implement rental payment reporting into your operations. Contact us today to learn how we can generate additional value for your organization.