Choosing a partner to report your residents’ payments to the credit bureaus is a decision that positively impacts your cash flow, your residents, and your bottom line. CredHub isn’t just a service provider—we’re a full-fledged partner that prioritizes accuracy, compliance, and customer service. From expert Fair Credit Reporting Act (FCRA) compliance to advanced dispute resolution, state-level regulatory adherence, and reporting to all major credit bureaus in the U.S. and Canada, CredHub ensures every detail is handled with precision.
A True Partner, Not Just a Service
When you work with CredHub, you’re not just hiring a vendor – you’re gaining a partner committed to your success.
Dedicated Customer Success Managers
Our team of US based, experienced, customer success managers ensure you and your residents have the support needed every step of the way. Our experienced team makes it easy, including resolving disputes and answering regulatory questions, we’re here to help property managers and residents navigate credit reporting with ease.
Dual Focus: Property Managers and Residents
We understand the importance of balancing your needs with those of your residents. CredHub acts as a bridge, fostering trust and transparency while helping everyone involved reach their financial goals.
Complete Credit Reporting: The Balanced Approach
CredHub’s complete credit reporting solution includes both positive and negative reporting, ensuring fair and transparent credit histories for residents. CredHub also offers optional and positive only reporting, however we recommend complete reporting to receive maximum benefit for you and your residents.
- Building Residents’ Credit Profiles
On-time payments are reported, helping residents build or improve their credit scores. For many, this marks their first step into a visible and responsible credit history.
- According to TransUnion’s analysis, when rent payments were included in credit files, approximately 9% of consumers went from un-scorable to scorable with an average credit score of 631, placing them in the near prime score band. This represents a significant improvement for consumers who would have otherwise been deemed un-scorable. [Source]
- Incentivizing On-Time Payments
Negative reporting on delinquencies motivates residents to pay on time, reducing late payments and improving your cash flow.
- Internal CredHub studies consistently show delinquencies being reduced by up to 50%.
Experts in FCRA Compliance, so you don’t need to be
Compliance is critical in credit reporting, and CredHub leads the way with unmatched expertise in the Fair Credit Reporting Act (FCRA).
- Protecting Consumer Rights
The FCRA ensures accuracy, fairness, and privacy in credit reporting, and CredHub is deeply committed to upholding these principles
- Streamlined Dispute Handling
Our FCRA-compliant processes use cutting-edge systems like e-OSCAR and ACDV to resolve disputes quickly and fairly. Whether verifying information or updating records, CredHub’s dedicated, domestic, customer success team ensures a smooth process that protects all parties.
Data furnishers to the bureaus must handle disputes with e-OSCAR and ACDV
Handling disputes is a critical part of credit reporting, and CredHub is a master at navigating these challenges and handles this for you, so that you don’t have to.
- What is e-OSCAR?
This platform standardizes dispute formats and facilitates seamless data exchange between credit bureaus and data furnishers. CredHub’s expertise ensures accuracy and compliance throughout this process.
- Automated Consumer Dispute Verification (ACDV)
When residents dispute credit information, CredHub retrieves the data, conducts a thorough investigation, and updates credit bureaus promptly. We adhere to strict timelines, ensuring disputes are resolved efficiently while maintaining compliance with FCRA standards.
Staying Ahead of State-Level Regulations
Credit reporting laws vary by state, adding complexity to the process. CredHub’s proactive approach to regulatory changes ensures compliance without added stress for property managers.
- Customized Solutions for State regulations
CredHub tailors its reporting practices to align with local laws.
- Regulatory Updates, Simplified
We monitor and adapt to evolving state-level rules, keeping you informed and compliant while you focus on running your property management business.
The CredHub Advantage: Why We’re Better Than Discounted Options
Discounted credit reporting companies might save money upfront, but their limited services often lead to bigger problems down the line. CredHub provides a full suite of solutions that deliver real value.
- Complete Reporting
Unlike many discounted services that only report positive behaviors, CredHub’s balanced reporting helps residents build their credit while reducing delinquencies.
- Reporting Across Major Bureaus
CredHub reports to all major credit bureaus in both the U.S. and Canada, ensuring the most complete credit reporting coverage in the industry.
- Proactive Compliance
With CredHub, you don’t have to worry about staying up to date with the latest regulations. We handle it all for you.
- Exceptional Customer Support
Discounted services typically lack the dedicated success managers and personalized support CredHub offers. - Expert Dispute Management
Our advanced use of e-OSCAR and ACDV ensures disputes are resolved fairly and accurately, reducing compliance risks for property managers.
Going with a “discount reporting” service does not save you money. You will need to deliver the expertise, dispute resolution, and customer service yourself.
FAQs About CredHub’s Rental Payment Credit Reporting Services
- What makes CredHub different from other credit reporting partners?
CredHub offers a complete solution, including balanced reporting, dedicated support, and expertise in compliance. We focus on helping both property managers and residents succeed. - How does CredHub help residents build credit?
We report both on-time and late rental payments to credit bureaus in both the U.S. and Canada, helping residents establish or improve their credit profiles. - What is e-OSCAR, and why is it important?
e-OSCAR standardizes the dispute process, ensuring accurate and compliant communication between credit bureaus and data furnishers like CredHub. - How does CredHub stay compliant with state-specific regulations?
We actively monitor changes in state laws, such as RCWs, and adjust our processes to keep property managers compliant. - Can CredHub help reduce delinquencies?
Yes! By reporting both positive and negative payment behaviors, residents are motivated to pay on time, reducing late payments and improving cash flow.
CredHub: A Partner You Can Trust
When it comes to credit reporting, CredHub stands out as the partner you can rely on. From reducing delinquencies to building credit histories, reporting to all major credit bureaus in the U.S. and Canada, and ensuring compliance, we handle it all—so you can focus on what you do best.
Ready to elevate your credit reporting? Let’s partner together for better property management and resident outcomes.
