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Old 08-17-2009, 06:16 PM
 
10,992 posts, read 13,984,463 times
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Default What does a landlord see

on the credit report? is it FICO scores or the individual scores for each of the bureaus(not uniform like FICO's)? Do they see more of a narrative like "never late paying"?
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Old 08-17-2009, 08:08 PM
 
Location: Clermont Florida
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I see it all your score, all credit card balances car payment late fees monthly payments and everything you can think that’s on there. I give every person a copy if I rent to them or not
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Old 08-18-2009, 12:30 AM
 
Location: Cary NC
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As a LL I need to know about your habits and your ability to make your payments on time. The standard credit report shows the following: Score, Date of birth, social security number(s), residences for the last 10 years, employment for the last ten years, all judgements, bankruptcys, liens, collections, late payments, unpaid balances, dates of payments and non payments, frequency of payments and non payments. basically Ican sum a person and their level of responsibility in about 30 seconds after looking at their credit report. It's almost a mirror to their soul.
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Old 08-18-2009, 09:46 AM
 
Location: Boise, ID
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If you are asking what actually appears on the credit reports, I will say that each one shows slightly different information. But basically, beuterdu is right, they show some or all of the information he listed, as well as any other names you've gone by, and other recent credit inquiries.

Most reports are from only ONE of the big 3 reporting agencies, so they show a score from that particular agency, not an overall score, although I have seen some reports that have all 3 scores on them. And yes, most have a field called "status" or something similar for each reported item, that would say "Paid, never late" or "Seriously past due" or whatever.

If you are asking what a Landlord LOOKS for on a credit report, that is different for each landlord. At my office, we look less at scores, and more at general attitude toward debt. Basically, do you pay your bills? If you get behind, do you get caught up? How much outstanding debt to you have in relation to your income? Any collections with utility companies or prior landlords is an automatic no.

Some landlords I know look pretty much only at certain credit scores. I find that the score is the least important item on the report.
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Old 08-18-2009, 09:57 AM
 
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Default if a prospective

renter had a successfully completed chapter 13 and a solid rental history (no landlords listed in the bk) what would the landlord think? and fico's between 700-720

i got my apt when i was in the middle of a chapter 13. i was given a choice of either a $50 credit check or 12 cancelled rent checks. naturally i did the latter and got my apt

the bk will go off my credit in 2 years but i wonder if i moved again before that time what they would think
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Old 08-18-2009, 11:13 AM
 
Location: Boise, ID
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If the person was able to keep a score over 700 after a bankruptcy, I'm assuming they followed through on the chapter 13 repayment plan, and that would count as a good.

I would want to know what caused the bankruptcy. If it was due to too much credit card debt, that is a negative, as it shows poor money management skills. If it were due to a medical issue, or some other unavoidable expense, and if there was then follow through on repayment, it wouldn't count as a negative with me.
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Old 08-18-2009, 11:46 AM
 
Location: San Jose, CA
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Quote:
Originally Posted by deuterdu View Post
As a LL I need to know about your habits and your ability to make your payments on time. The standard credit report shows the following: Score, Date of birth, social security number(s), residences for the last 10 years, employment for the last ten years, all judgements, bankruptcys, liens, collections, late payments, unpaid balances, dates of payments and non payments, frequency of payments and non payments. basically Ican sum a person and their level of responsibility in about 30 seconds after looking at their credit report. It's almost a mirror to their soul.
You just made me freak out, even though I knew all this already.
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Old 08-18-2009, 11:52 AM
 
Location: Beautiful Pelham Pkwy (da Bronx)
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But what if everything else were in order? Would late payments completely cancel it out? Doesn't sound fair if the prospective tenant has long since straightened that out.
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Old 08-18-2009, 12:23 PM
 
Location: Sherwood
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I guess I"m lazy, but I generally stop at the credit score. If it's over 6-something, I don't bother to read the rest of the report. If your score were 7-something, I would rent to you. I get the reports online, after I do the background/reference/landlord checks, so they're just to weed out people with too many debts to afford the place. Don't worry. I would NOT tell the landlord unless asked.
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Old 08-18-2009, 12:30 PM
 
Location: Clermont Florida
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Quote:
Originally Posted by kinkytoes View Post
I guess I"m lazy, but I generally stop at the credit score. If it's over 6-something, I don't bother to read the rest of the report. If your score were 7-something, I would rent to you. I get the reports online, after I do the background/reference/landlord checks, so they're just to weed out people with too many debts to afford the place. Don't worry. I would NOT tell the landlord unless asked.
Score means absolutely nothing debt to income is everything I will take a person with a lower score with no bills then someone with a high score with lot of bills.
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