(TheNewswire)
Toronto, Ontario – TheNewswire - January 30, 2024 - Zonetail Inc. (“Zonetail'' or the“Company”) (TSXV:ZONE) (OTC:ZTLLF) is pleased to announce that ithas signed a reporting agreement with Equifax Canada, that allowsproperty management companies to have the ability to submit rentpayment data to Equifax Canada on behalf of a tenant's request to helpconsumers build their credit score.
The solution is available to multi-family PropertyManagement Companies (PMCs) and their tenants across Canada. Fortenants whose PMCs offer the solution, tenants are given the optionfor a minimal fee to have their payment history shared with EquifaxCanada. Harmonizing how renters and PMCs can report rent payments tobe included in consumers’ credit histories puts the financialmainstream within reach for more consumers.
"We are thrilled to be working with Equifax onthis new initiative, as it can significantly help people who otherwisemight lack the means of establishing or building their credithistory,” said Mark Holmes, CEO of Zonetail.
“ Rent is the single largestmonthly expense for many households, yet many responsible rentersdon't receive credit for on-time payments. Giving consumers the ability to report their monthly rentpayments has the potential to help responsiblyexpand consumer access to credit opportunities and support a moreinclusive economy,” Shawn Maidenberg, Head ofConsumer Data Strategy, Equifax Canada.
“There is a real need for this in our industry,”said Ben Scott, Director of Operations for Starlight Investments, oneof Canada’s largest multi-family Asset Managers. “In fact, we havehad recent discussions internally about this exact topic and how wecan help our residents establish credit.”
Zonetail will offer this service directly tomulti-family Property Management Companies and their tenants, acrossCanada and the U.S.
About Zonetail
Zonetail Inc. (TSXV: ZONE) (OTCQB: ZTLLF) is a mobileplatform and market network. Our Mission is to provide astate-of-the-art mobile platform that enables high-rise residents tobetter manage their homes by connecting people to products, amenities,and services. Our Vision is to build a critical mass of users in thehard-to-reach, high rise residential vertical, through a unique mobilemarket network model - providing vital information, products, andservices at the tap of a screen. We are the search engine to optimizeyour home. Zonetail is partnered with Yardi, Shiftsuite and now MRISoftware which together account for an estimated 50 million householdsacross North America.
Please visit https://www.zonetail.com .
For more information, please contact:
Mark Holmes, President and CEO, Zonetail Inc.
T: (416) 994-5399 E: mark@zonetail.com
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