Large Owner Management Group Tests Program
Sample: 8 Buildings, 465 Units
Starting Delinquency Rate: 22%
Delinquency Rate After 3 Months of Reporting and Educating: 13%- Late Payments Reduced 0-30 days: 40%
- Outstanding Balances Reduced 30+ days: 36%
Client Testimonial
Case study review
The program is making an impact. After distributing the Credit Gnome flyers and starting to report our residents’ monthly payments to Credit Reporting Agencies, we noticed a shift. One resident, who had a $6,000 outstanding balance in July, paid it off by August 1st, made additional payments on the 12th and 26th, and ended August with a $1,164 credit. It’s working—we rarely see credits on our ledgers. Amazing!
Case study review
The program is making an impact. After distributing the Credit Gnome flyers and starting to report our residents’ monthly payments to Credit Reporting Agencies, we noticed a shift. One resident, who had a $6,000 outstanding balance in July, paid it off by August 1st, made additional payments on the 12th and 26th, and ended August with a $1,164 credit. It’s working—we rarely see credits on our ledgers. Amazing!