Property managers can now retrieve bank transaction data in real-time allowing for lighting fast informed rent affordability assesstment.
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Equifax provides the information on both reports; however, they serve two different purposes. As you know, a National Tenancy Database check will tell you if the renter has been blacklisted and may verify their ID etc. In contrast, the Rent Affordability check's purpose is to provide you with a lighting fast informed rent affordability assessment. They both work hand in hand together, providing you and your agency more protection.
Yes, of course. Each applicant (part of an entire application) would need to add their bank account in the same report. With access to more than 70 financial institutions, there should not be any issues.
Yes, so we can track your leads and pay you a commission.
Ultimately it depends on your own policy on accepting recent evidence of affordability; however, 30 days is considered reasonable.
Yes, however, they will pay full price, and it will be up to their discretion on who they share the report with. We recommend you register above to claim your wholesale discount and to get the report sent to you.
Enterprise-grade security and encrypted bank account details protect renters' data provided by Equifax. The Affordability product provided by Equifax is used for home loans and other services too, the difference is, this one is specific to showing rent affordability only.
Categorised transaction data from the past six months to help you make a quick rent affordability assessment. Click to get a sample report above.