Experian and Yardi enable consumers to build credit history through on-time rental payments
COSTA MESA, California, June 8, 2016
Experian® RentBureau® and Yardi®, a leading provider of real estate software solutions, are improving the rental industry by launching an interface that helps renters build credit history by having their rental payments reported to Experian RentBureau. The new interface enables Yardi’s property manager clients to report rental payment data to Experian RentBureau easily and seamlessly.
“We are on a mission to broaden opportunities for consumers to gain access to the credit marketplace,” said Emily Christiansen, director of Experian RentBureau. “By working with Yardi, we are significantly expanding the number of consumers who can benefit from having their rental payments reported, which can make a real impact in the daily lives of renters nationwide.”
Yardi clients simply sign up with Experian RentBureau to have their rental payment history reported from Yardi Voyager® automatically. In addition to the benefits to consumers, property managers that furnish rental payment history data to Experian RentBureau gain enhanced protection from lease skips, a faster debt-recovery process and more residents paying rent in a timely manner.
“We are dedicated to continually improving our platforms and services to further meet the evolving needs of our clients,” said Patrick Hennessey, vice president/general manager, Resident Screening, at Yardi. “Adding the capability to report valuable rental payment data to Experian RentBureau through a seamless process will help our clients manage their portfolios more efficiently and enhance their service to their clients, which positions them for real growth.”
Rental payment history data also is available to Yardi clients through Yardi Resident Screening. This service enables clients to make more informed applicant-screening decisions, reduce skips and accept higher-quality residents.
Yardi develops and supports industry-leading investment and property management software for all types and sizes of real estate companies. Established in 1984, Yardi is based in Santa Barbara, Calif., and serves clients worldwide. For more information, visit http://www.yardi.com/.
About Experian RentBureau
Experian RentBureau is the largest and most widely used database of rental payment information and currently includes information on more than 15 million residents nationwide. Property management companies and electronic rent payment processors report rental payment data directly and automatically to Experian RentBureau every 24 hours. This detailed rental payment information enables organizations to make better-informed decisions. Property management companies utilize this data to screen new rental applicants’ payment history as part of their existing resident-screening services. Experian is the first major credit reporting agency to incorporate the positive rental payment data reported to Experian RentBureau in consumer credit reports, enabling residents to build credit history by paying rent responsibly.
We are the leading global information services company, providing data and analytical tools to our clients around the world. We help businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. We also help people to check their credit report and credit score and protect against identity theft. In 2015, we were named one of the “World’s Most Innovative Companies” by Forbes magazine.
We employ approximately 17,000 people in 37 countries and our corporate headquarters are in Dublin, Ireland, with operational headquarters in Nottingham, UK; California, US; and São Paulo, Brazil.
Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended March 31, 2016, was US$4.6 billion.