Tag: homeowner association

HOA Payments & Your Credit Score: What You Need to Know
June 2, 2025 Off

HOA Payments & Your Credit Score: What You Need to Know

By The Admiral Staff

Homeowners association (HOA) payments could potentially impact your credit score, but only if the HOA reports them to credit bureaus (TransUnion and Equifax for on-time payments, Experian only for late/missed payments). This reporting practice began in 2016 and is facilitated by Sperlonga Data and Analytics, but HOA boards ultimately decide whether to report. To find out if your payments are being reported, check your credit reports or ask your HOA board.

HOA Fees Rising? Smart Ways to Boost Your Income & Fight Back
January 28, 2025 Off

HOA Fees Rising? Smart Ways to Boost Your Income & Fight Back

By The Admiral Staff

Rising HOA fees are a common frustration for homeowners, with roughly 74 million U.S. residents belonging to an HOA. Increases are often driven by depleted reserve funds, rising costs for services like landscaping and pool maintenance, and homeowner complaints requiring repairs. Homeowners can review their HOA’s covenants, conditions, and restrictions (CC&Rs) for limitations on increases, check local laws, communicate with the HOA board, or consider selling if the situation becomes untenable. Proactive steps like budgeting for