Rental data that has been reported through FrontLobby will appear as an open tradeline account or a collection account on a credit report. How it appears depends on the payment status and the Credit Bureaus.
The Credit Bureaus have requested that Housing Providers report rent in a specific format so it may appear on a consumers credit file. The major data points are explained below to help you interpret the credit report.
Credit Grantor - The name of the creditor will be FrontLobby, however some legacy tradelines may still say LCB Services.
Portfolio Type - O (Open).
Payment Status - Indicates whether the account is "paid as agreed and up to date", or if there are past due payments (i.e. 30/60/90+ days past due).
Date Opened - Indicates the lease start date.
High Credit - Indicates the monthly rental amount (i.e. $1,250 if rent is $1,250/month).
Balance - Indicates the amount owed as of the last reported date.
Past Due Amount - Indicates the dollar value of the debt that is owed. A $0 past due amount indicates rent is paid and no debt is owed. A $500 past due amount indicates that at the end of that month, a renter owed $500.
Debts reported to Equifax Canada without the consent of the Tenant will appear as a collection on the credit file with the housing providers name as the creditor.