credit reports
Click here for Top Ten Discussions. CLICK HERE for Q & A Homepage
Receive Free Rental Owner Updates Email:  
MrLandlord Q & A
credit reports (by Debra [TN]) Feb 9, 2009 12:14 AM
       credit reports (by Terry [CA]) Feb 9, 2009 1:38 AM
       credit reports (by Debra [TN]) Feb 9, 2009 5:14 AM
       credit reports (by RR [WA]) Feb 9, 2009 5:53 AM
       credit reports (by billy [MA]) Feb 9, 2009 7:06 AM
       credit reports (by Gloria [TN]) Feb 9, 2009 9:10 AM

credit reports (by Debra [TN]) Posted on: Feb 9, 2009 12:14 AM

State Specific Question About: TENNESSEE (TN)

What do used for a criteria when you have applicants with bad credit/scores? Do you rely on rental history, etc.

credit reports (by Terry [CA]) Posted on: Feb 9, 2009 1:38 AM

No ONE or even TWO items should be only used to screen tenants. It should be a combination of income verification/stability, verification of previous LL's and their references - at least TWO, debt/income ratio, ability to verify all addresses/time periods, no public records - evictions OR other lawsuits, no criminal records, good SSN verified, no BAD history of any sort including bad checks, etc. Trending of credit is toward good not bad.

And of course the most important thing is that you treat and screen ALL applicants equally based on the criteria you establish.

credit reports (by Debra [TN]) Posted on: Feb 9, 2009 5:14 AM

Thanks for the information. Iam a new landlord, and I need all the help I can get.

credit reports (by RR [WA]) Posted on: Feb 9, 2009 5:53 AM

Look for something else positive such as good rental history, willing to pay a higher deposit $$$$, job history/references

credit reports (by billy [MA]) Posted on: Feb 9, 2009 7:06 AM

i dont pay much attn to the score number but want someone who pays their bills.placed for collection is rejected .slow 60 is rejected.i find if they pay others promptly they pay me promptly.of course u ck other things too as terry states. --208.58.x.xx

credit reports (by Gloria [TN]) Posted on: Feb 9, 2009 9:10 AM

I look more at their work record than credit score, scores are bad for lots of people right now, but if they've had the same job for years that is more impressive to me than other things.

For example, if a person has been with the same company for (just say), 11 years, I assume they are steady and settled. It works for me.

Subject: RE: credit reports
Your Name:
Your State:

credit reports
Would you like to be notified via email when somebody replies to this thread?
If so, you must include your valid email address here. Do not add your address more than once per thread/subject. By entering your email address here, you agree to receive notification from every time anyone replies to "this" thread. You will receive response notifications for up to one week following the original post. Your email address will not be visible to readers.
Email Address: