Reporting Association Assessment Payments to the Credit Bureaus: How the HOA and Property Owner Benefit
Priestley Management Company has partnered with Sperlonga Data & Analytics to offer our associations a credit reporting service. The goal of this service is to empower associations with the same credit reporting tool that banks and lenders already use to manage debt and credit related payments. Utilization of this tool could encourage property owners to view their association assessment payment as being on par with their mortgage, auto or credit card payment thereby providing numerous benefits for both the association and property owners such as: encouraging timely payments, improving association cash flow, improving owner credit reports and improving property salability.
For more information regarding Association Credit Reporting, please see the following marketing brochures:
If you are interested in learning more about Association Credit Reporting, please contact your association manager.