Zego (powered by PayLease) and LevelCredit recently unveiled a new strategic partnership that will help residents easily build credit history simply by paying rent using the Zego Pay platform. By opting-in to the all-new Zego Pay LevelCredit Reporting program, residents can automatically have on-time rent payments reported to select credit bureaus by LevelCredit at no additional cost to the resident, which will help to build credit history each month.

Residents will also have the option of upgrading a LevelCredit membership to include premium reporting features supported by $1 million in Identity Theft and Credit Restoration Insurance. LevelCredit will also provide an optional LookBack service for residents who want to report up to two years of past payments on the same lease for a small one-time fee.

“Our focus is on finding new ways to improve upon the resident experience while also unlocking new efficiencies for our customers whenever possible. In my mind, this is one of the best examples of delivering on that promise,” said Stephen Baker, chief product officer at Zego. “Considering less than 1 percent of Americans see their positive rental payment history on their credit report, this program not only helps property managers streamline rent collection, but also empowers residents to reap great additional benefits as a result of living in their community and paying on time each month.”