Zego Pay LevelCredit Reporting
With Zego Pay LevelCredit Reporting, you can offer residents a unique benefit when they pay rent online. Residents simply opt-in to LevelCredit to automatically have rent payments reported to credit bureaus by LevelCredit and build credit from those payments.
Providing rent payment credit reporting can also help you attract and retain more responsible residents. It's a win-win for all.
Why residents love building credit by paying rent
Easily build credit without debt:
Residents can build their credit histories by automatically reporting rent payments they make.
Get a leg up on future plans:
Residents can work towards improving their credit scores and reaching financial goals with greater access to lower interest rates for car and home loans.
Enjoy a unique (and free) community benefit:
Residents can report rent to credit bureaus at no additional cost.
Zego Pay LevelCredit Lookback
Residents may choose to take advantage of the Zego™ Pay LevelCredit Lookback feature that automatically detects previous payments made through Zego Pay for up to two years on the same lease. Reported in bulk, this allows residents to benefit from their prior payments history if desired, for a one-time fee.
Are you a resident that has questions about how rental credit reporting works? Visit our FAQ page.
Why property managers should offer rental credit reporting
Stand out amongst competitors:
Differentiate your community with rental credit reporting, which helps you attract and retain responsible residents. Research by TransUnion shows that 67% of renters would choose the apartment with rental payment credit reporting in place when selecting between identical apartments.
Reduce manual paper processing when more residents pay rent online. Research by TransUnion also shows that 73% of renters would be more likely to make on-time rent payments if property managers reported rent payments to credit bureaus.
Improve cash flow:
Reduce delinquencies with a unique community benefit that encourages on-time rent payments online.
Please note that legacy Zego™ Credit Reporting clients are being transitioned to LevelCredit in phases. Zego™ will continue to report your resident’s rent payments until you are transitioned to LevelCredit Reporting. If you have any questions about your account please contact our support team.