To get all the information you need to report evictions to the credit bureaus, simply fill out the form below!
WELCOME NATIONWIDE EVICTION MEMBERS
Most property managers and landlords understand the consequences of late or missed mortgage payments—particularly the potential damage to their credit reports. Although paying rent on time is just as important, some residents don’t prioritize these remittances as they do their auto loan or other credit related payments.
Many people simply assume that paying their rent late is no big deal, especially since landlords and property managers don’t usually report to credit bureaus.
Reporting evictions and rental payment information to the credit bureaus is an option...and it’s easier than you think
Like utilities, in-house financing, and other non-bank payments, rent payments and evictions are often unreported because the process is too time-consuming, expensive, or complicated for smaller organizations.
That’s why a group of credit professionals created Datalinx in 2001. We empower clients with simple, user-friendly technology and unlimited support to easily and accurately report negative payment records to the credit bureaus.
Credit reporting offers instant benefits for property managers and landlords
Simply notifying your tenants that you will be reporting late payments and evictions to the major credit bureaus should have an immediate, positive impact on your delinquencies. Understanding the damage even one past due payment on an individual’s credit report and credit score--plus the fact that these items can have a negative effect for up to seven years--should drive your renters to prioritize their rent to ensure on-time payment.
In addition to decreased delinquencies, your partnership with Datalinx and Nationwide Eviction to report evictions will provide benefits such as:
- Decreased collection calls and visits
- Increased collectible amount as you won't have to split it with a collections company
- Leverage to negotiate with potential past-due payors
- No lengthy and expensive late fee assessments, lien processes, or lawsuit filings
- More robust financials and increased cash flow
Because strong financials and optimal cash flow leads to new opportunities for purchases or property investments that benefit everyone, residents who pay their rent on time should support your efforts to collect from their delinquent or evicted neighbors. Plus, you won’t have to raise everyone’s rent just to compensate for their neighbors’ failure to pay.
Potential benefits for homeowners
Datalinx also offers the option of reporting all monthly rent payments to the credit bureaus--both positive and negative. With this program, your on-time payors will also enjoy:
- Positive credit report notations
- Higher credit scores
- Building a long-term “paid as agreed” payment history
Call Datalinx today
Datalinx’s proprietary software integrates easily with most existing systems and seamlessly converts rental and eviction payment information to the appropriate credit bureau-specified format. Additionally, our team works closely with you throughout the setup process and provides ongoing credit data consulting and support. Use the form above or call 425-780-4530 to start reporting your evictions and rent payments today.