 Help rebuilding credit (by JamesD [CO]) Jan 25, 2008 12:26 PM
 Help rebuilding credit (by James [MA]) Jan 25, 2008 12:31 PM
Help rebuilding credit (by DH [MD]) Jan 25, 2008 12:39 PM
Help rebuilding credit (by James [MA]) Jan 25, 2008 1:02 PM
Help rebuilding credit (by Terry [CA]) Jan 25, 2008 2:46 PM
Help rebuilding credit (by bobbiej [CA]) Jan 25, 2008 4:00 PM
Help rebuilding credit (by Chris [CA]) Jan 25, 2008 4:25 PM
Help rebuilding credit (by Laura [GA]) Jan 25, 2008 6:45 PM
Help rebuilding credit (by JamesD [CO]) Posted on: Jan 25, 2008 12:26 PM
Message:
Was wondering if it's possible to help tenants improve their credit score by providing info about their payment history to Equifax, Experion, etc. - IF they pay on time, that is...
Is that something you practice?! --32.97.xxx.xxx |
Help rebuilding credit (by James [MA]) Posted on: Jan 25, 2008 12:31 PM
Message:
There are services that report on time rental payments to the bureaus. --192.234.xxx.xxx |
Help rebuilding credit (by DH [MD]) Posted on: Jan 25, 2008 12:39 PM
Message:
Do you have the name of those services? --152.130.x.x |
Help rebuilding credit (by James [MA]) Posted on: Jan 25, 2008 1:02 PM
Message:
They are competitors to this site and the web master will remove the post if I mention them. You'll have to do a google search to find them. --192.234.xxx.xxx |
Help rebuilding credit (by Terry [CA]) Posted on: Jan 25, 2008 2:46 PM
Message:
Reporting rentals to credit bureau is really..well I don't see the point.
First off you MUST then report to them every month. Being "late" for a credit score does not even count until you are at least 30 days late and NO landlord should keep a tenant who is 30 days late - or even 15 days late for that matter.
Just give the tenant a great reference when they move for their next rental. Let them build their credit on their own using services and credit that is readily available and reported on a regular basis to the credit bureaus. --207.200.xxx.x |
Help rebuilding credit (by bobbiej [CA]) Posted on: Jan 25, 2008 4:00 PM
Message:
DH: How kind of you. You will find a place you can report to ----Good for you! --64.142.xx.xxx |
Help rebuilding credit (by Chris [CA]) Posted on: Jan 25, 2008 4:25 PM
Message:
It's good to try - but if they don't follow through, then you are wasting your time. It's an all out fight - just like when it comes to getting into shape for fatties.
The first step: write down every expense for a month. Then reconsider. Eating out, shopping to cure the blues, having $$$ phone bills => get a flat rate plan! And they need to start repaying debt, one entry after another. They control their own spending: what else can they control?! --203.144.xxx.xxx |
Help rebuilding credit (by Laura [GA]) Posted on: Jan 25, 2008 6:45 PM
Message:
Keep in mind that it will cost you $ to report to the bureau. Also, only pmts that are over 30 days late reflect on the bureau, and by then--you'd be evicting. So..it costs you a bit of $, and there is really no benenfit to you.
Perhaps you could get the info and then if THEY are willing to pay the fees + an admin fee to you for your time, you can accomodate them.
--76.97.xx.xx |
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