They will see your payment profile.which will impact their decision. The impact, says Trethewey, is that when you want to apply for credit in the future, your past defaults will be reflected when the credit provider pulls your credit record. Shanaaz Trethewey, CEO - RentMasterĪll of those categories carry a different score. paid on time, paid late, did not pay, paid partial rent. Arm yourself with real data so you can make better decisions with more confidence. ![]() ![]() Fast track your research by exploring our Data Quadrant, sorting the software, purchasing our Property Management Category Report, or diving deeper into an individual product. Trethewey says depending on certain categories, your credit score is affected accordingly. SoftwareReviews covers products in the Property Management market. Shanaaz Trethewey, CEO - RentMasterĪnd what happens when you don't pay your rent, asks Melane? What is paid or is not paid, whatever the reason, is recorded against one's credit profile. She says many tenants don't realise that rent payments are uploaded to the credit bureau. That's according to figures provided by specialist collections agency Rentmaster.īut what is the impact on your credit rating if you find yourself unable to keep up with your monthly rental payments?ĬapeTalk's Africa Melane posed the question to Rentmaster's CEO Shanaaz Trethewey. ![]() The percentage of tenants who were in good standing with their landlords at the start of 2020 dropped by more than 12% when the first hard lockdown was introduced.
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