How does FrontLobby Rent Reporting help me recover debts from a current Tenant?

Reporting monthly to Credit Bureaus is best practice for many industries for ensuring on-time payments and rapid debt resolution

• FrontLobby enables Landlords and Property Managers to report debts from current and former Tenants directly to Credit Bureaus
• Consent is not required for reporting debts in Canada or the US
• A Premium membership is required to report debts from a current Tenant
• To report debts from a former Tenant, former Tenant Debt Reporting must be turned on

Through Rent Reporting: 

• The data is reported to the Tenant’s credit report with Equifax, TransUnion, Experian and Landlord Credit Bureau (LCB)
• The longer a debt remains on a credit report, the greater its impact
• The debt is also reflected on the tenant’s Landlord Credit Bureau Tenant Record (in jurisdictions where LCB operates), accessible to future Landlords during screening
• Notifications including rent reminders and late payment notices can be sent, encouraging resolution before reporting
• LCB sends free credit alerts to notify tenants after a debt is reported
• Many debts are paid within months of being reported, though resolution may sometimes take over a year
• You must update the balance monthly and continue to use notification tools until the debt is resolved

FrontLobby is not a collections agency and does not negotiate or process payments. All communication and payment arrangements are direct between Landlord and Tenant. 
 

If you're looking to recover debt from a former tenant, FrontLobby has two effective options: Former Tenant Debt Reporting and Collections (only available in Canada). 

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