Reporting defaulted rent payments, unpaid bills to the credit bureaus
Q: When a renter defaults on rent payments and also leaves me with her pending bills, is it possible to have that person reported to the credit bureaus? How do I go about reporting it to the 3 main bureaus?
A: As a land lord, the one way to get someone reported to the credit bureaus, is to go through a collection agency. You would have to demonstrate a proof of unpaid bills and defaulted rent payments. Collection agency will report to the credit bureaus.
The other way is to obtain a judgement, and then it will go on credit record. Once you get a judgement and it is recorded in a courthouse, it is reported to the credit bureaus automatically. Needless to say, from the point of credit reporting, a judgement is much worse offense than a simple collection.
Wed Nov 29, 2006 11:11AM by Tony | More in Credit Bureaus | Comments (0)
Recent Entries
- Individual FICO scores after marriage stay that way
- Spouse bankruptcy, authorized user vs joint account holder
- Debt collection payment and credit score
- Credit score drops by 75 points because of American Express untimely reporting
- How to refinance mortgage if you cosigned for student loan
- How to build credit history fast
- Cease and Desist letter to payday loan company
- Settling credit card debt with Chase - why settle?
- Sued for credit card debt
- Debt reaging - what you should know
Categories
- Announcements
- Credit Bureaus
- Credit Repair
- Debt Relief
- Economy
- Gold Investing
- Insurance
- Mortgage
- Personal Finance
- Stocks
- Student Loans
- Taxes
