Reporting Assessment Payments to Credit Bureaus Is Good for Homeowners and HOAs

Last September, a number of homeowner associations (HOA) began reporting monthly assessment payments to a credit bureau. Such a standard financial management tool is normal for creditors, landlords and mortgage companies, but is new to the HOA industry. It is a practice that could promote a major positive shift in how HOAs manage their associations.  The reporting of the information was facilitated by Sperlonga Data and Analytics, a data aggregation company that recently started helping HOAs report HOA assessment payments to Equifax.      Read the article…………


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