DALLAS, April 11, 2017 /PRNewswire/ -- Today, U.S. Residential Group LLC, a national full-service, fee based management company for conventional and affordable multi-housing communities, announced that RentTrack was selected as US Residential's payment provider.
RentTrack is a pioneer in online rent payments and rent reporting, and is the first online rent payment company to report rental tradelines to all three major credit bureaus: Equifax, Experian, and TransUnion.
This partnership allows US Residential residents to pay rent online, and use those payments to establish and build credit, which may make it easier for them to apply for loans and receive favorable interest rates.
With increasing connectivity between industry participants around rental data reporting, and with major scoring models using these rental tradelines, rent payments are rapidly becoming the most important "non-traditional data" on a consumer's credit report.
"We're very excited to have been selected as the payment provider for US Residential, and are looking forward to helping their residents build credit history without taking on debt," said Matt Briggs, Founder & CEO of RentTrack.
"We're always looking for ways to add value for our residents. This alignment with RentTrack made perfect sense. And we're excited to be at the forefront of this rent-reporting movement by offering a way for residents to build credit through rental payments," said Stephanie Brock, President of US Residential.
Properties managed by US Residential, with RentTrack as the payment provider, will have the opportunity to give renters a new level of control over their financial future.
RentTrack® gives residents a real reason to pay rent online and on-time. RentTrack's online payment system can report rent payments directly to major credit bureaus to help residents build credit history. For the first time, consumers have a new avenue to build credit without incurring debt. RentTrack makes it easy to accept credit cards and e-checks online while maintaining an easy integration with the property manager's accounting software. For more information, visit www.RentTrack.com.
About U.S. Residential Group LLC
U.S. Residential Group LLC ("US Residential") is a national full-service, fee-based management company for conventional and affordable multi-housing communities. By combining the talents and expertise of seasoned apartment professionals from each region of the country, US Residential and its key employees have experience managing over 100,000 apartment units.
Kyle Fankhauser, 972-996-7445
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