Sperlonga is committed to enhancing access to credit for Americans by enriching credit profiles with additional data sources. By incorporating alternative payment information such as rent and property assessments, Sperlonga helps consumers build more complete credit histories. This expanded data approach can lead to improved credit scores, better interest rates, and a more transparent credit landscape for both borrowers and lenders.
Traditional credit reporting often overlooks critical recurring reporting rent on credit report that reflect a consumer’s financial responsibility. Sperlonga addresses this gap by enabling the seamless reporting of rent and homeowners association (HOA) assessment payments. These types of payments are typically not included in credit reports, despite being among the largest monthly obligations for many individuals. Through Sperlonga’s payment reporting technology, this valuable data is automatically submitted from property management systems, online payment portals, or even simple tracking files to the major credit bureaus, with minimal effort required from property managers or tenants.
This automated, secure process not only improves the accuracy and depth of credit profiles but also incentivizes timely payments by giving consumers the opportunity to directly impact their credit standing. For property owners and managers, this solution serves as a powerful tool to reduce delinquency. When tenants understand that their payment behavior will be reflected on their credit reports, they are more likely to pay on time, which leads to improved cash flow and reduced collection efforts.
Sperlonga’s system integrates easily with existing property management infrastructure, requiring little to no additional work once set up. It is designed to be a hands-off solution that delivers meaningful benefits for all parties involved. As more consumers see rent and assessment payments reflected on their credit reports, the credit system becomes more inclusive, recognizing responsible behavior that has long gone unacknowledged.
By empowering consumers with better credit visibility and giving housing providers a new way to encourage on-time payments, Sperlonga is redefining how everyday financial activity contributes to creditworthiness in a fairer, more accurate way.