Rental Payments to Individual Landlords and Independent Rental Owners Can Now Be Reported to Experian RentBureau

Once you and your tenants sign up through ClearNow, your tenants' rent payments are automatically deducted from their bank account and transferred into yours. Now you can spend less time following up with tenants to get their rent checks, waiting for checks to arrive in the mail or worrying if the check will clear.

Because tenants can opt-in to reporting their rental payment data to Experian and their positive rental payments may be reported on their Experian credit reports, tenants have an incentive to consistently pay their rent on time. This results in landlords receiving more steady cash flow and on-time payments.

By offering tenants a service that allows them to report their on-time rental payments to Experian you give them the ability to build their credit history. This helps your tenants get the credit they deserve for managing the payments for the place they call home and allows you to stand out from your competition.

All you and your tenants need to do is sign up through ClearNow and they do the rest. This service allows for the payment and collection of rent electronically via an automatic bank account debit. And as an added benefit, your tenants can opt-in to reporting their rental payment history to Experian. To learn more about this service, visit www.clearnow.com/creditreporting.