The Differences between an ONLINE Rental Exchange Report and a Credit Report
A credit report is a detailed report of an individual’s credit history prepared by a credit bureau and used when determining credit worthiness before opening a new line of credit.
|A standard credit report includes personal data, a summary of credit history, detailed account information, inquiries for new credit lines, and accounts which have been turned over to a collection agency.|
|ONLINE takes it one step further by adding “Exchange Hits” to the report. These Exchange Hits come from ONLINE’s proprietary Rental Exchange and create a safety net preventing customers from moving between rentals without paying you and your industry peers, thus helping you recover debt by capturing and updating debtor contact information in real time.|
|ONLINE also makes the report much easier to read by color-coding applicants’ trade lines, putting any negative aspects to the top of the report in Red and including a SSN verification tool which helps eliminate fraud.|
|The ONLINE Rental Exchange instantly shows you what type of credit risk each applicant poses to your business. This allows you to make accurate, objective, credit-based deposit decisions on your prospective tenants every time. Call our staff today to learn more.|
ONLINE Rental Exchange