Luxford Living remains dedicated to the financial empowerment of our community through our ongoing partnership with Experian, a global leader in credit reporting and data analytics. This collaboration allows us to provide a complimentary positive credit reporting program to all of our residents, ensuring that their consistent financial responsibility is recognized on a national scale.
At Luxford, we maintain the firm belief that residents should receive credit for the diligent management of their largest monthly expense. Just as a homeowner builds equity and credit through mortgage payments, we believe those who call a Luxford Living community home deserve to see their rental history reflected in their financial standing. By integrating positive rental payment data directly into Experian’s credit reports, we continue to help our residents pave a path toward greater financial stability.
Experian is a premier multinational credit reporting agency that aggregates data for over one billion people and businesses globally, including 235 million individual consumers in the United States. This scale ensures that the credit history built at a Luxford property carries significant weight in the broader financial landscape.
When our residents fulfill their rent obligations on time, that data is reported to Experian RentBureau within 24 hours and incorporated into their official credit report. This consistent reporting of positive information serves as a cornerstone for establishing or enhancing a robust credit profile. A strong credit score is an invaluable asset, often leading to more favorable insurance premiums, lower interest rates on credit cards, and increased credibility with potential employers. Furthermore, lenders frequently review this data when evaluating an individual’s capacity to manage new debt, making on-time rent a bridge to future financial goals.
The real-world impact of this program is best illustrated by the success stories within our communities. One of our residents at a Luxford Living North Carolina community, recently shared how the initiative aided her family’s mobility. She noted that her daughter had previously been unable to secure a car lease due to a lack of established credit. After being added to the household lease, it took only three months of reported rental payments for her to receive an approval.
Luxford Living is honored to continue providing these best-in-class services, ensuring that life at our properties contributes to our residents’ success long after the rent is paid.
