Credit/Collection reporting services

[Stephanie W.]

Hi all, 

I've stumbled upon three different companies that deal in reporting anything payment related to the credit bureaus. I'm not sure which route to go as they all preach a solid service. Who would like to prevent non payment? And or collect what's owed to them? The obvious advantage to signing up with these services are. 

For Property Managers

- Attract and reward responsible residents.

- Reporting also discourages late and skipped payments by reporting those as well.

- Reduce delinquency, evictions and collections.

For Residents

- A way for residents to build credit history.

- Pay lower interest rates with improved credit standing.

- Help your residents build credit by reporting their on-time payments to the major credit bureaus

My question is, who here has signed up and dealt with these? Credhub, The Credit App, Rent Recovery Service are the few that I've found. Honest opinions of any as to their effectiveness or value is appreciated. We're a smallish company with less than 30 doors looking to create more revenue and reduce business expenses and headaches. These sound like a much needed avenue to our industry.