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If all this happened 15 years ago wouldn't those debts be off your credit report by now? If not, they should be by law and I would send a letter certified - return receipt requested in order to have these items removed. I believe bankruptcies and foreclosures stay on your credit reports for 10 years but everything else is 7 years. However if you talk to them or agree to pay $20 a month, you start that clock all over again. Good luck - it took me 4 years to get my credit to almost 700 after my husband died.
Every time a judgment is renewed a new credit item is added to the report. In AZ a judgment has to be renewed every 5 years so it will never come off a report as long as it is unpaid and properly renewed; the renewal is technically a new credit item so during the overlap it will show two judgments.
Making payments doesn't start the clock over though since the rule is 7 years after the first delinquent payment. In the event of a foreclosure you can be 30 days late for years then get foreclosed on and have it come off the report surprisingly fast as long as you never get caught up with all payments beforehand.
To the OPs question, no I wouldn't accept an Uber driver same as I wouldn't accept someone working for Sears or any other company on the financial brink. When money gets tight it seems that the rent is the first to go unpaid. Less than 1/4 of drivers (and Uber) see it as stable full-time income, Uber has cut rates without discussing it with their drivers, and Uber just lost almost $3 billion in 2016. If they weren't being propped up by investors they would be out of business already and that money isn't going to be around forever.
What that tells me is you simply ignore or choose who you pay. And push comes to shove I can easily go in the no pay column.
For me to take you as a tenant you have to pass ALL the criteria I set. Just like everyone else. Otherwise I have to consider everyone with bad credit and paying rent on time. Which is rare as I've never seen that combination. Usually people with bad credit never pay anyone on time
Thats not true. Its called having a BUDGET. My husband had a medical bill $126 on his credit. It does NOT mean he cant pay his insurance/dr or rent. He had insurance and they billed it as plastic surgeon, which they do not cover. It is his fault for then not fixing it sure but he paid it and it was fine.
Another example: My husband was in a fender bender. The court garnished his wages to pay for it. Paid it in full. STILL shows up as a judgement on his credit report.. again does NOT mean he didnt have a job, couldnt pay bills....
So mr high and mightly landlord, there are times when its not " lights or credit card"... it can be a mistake or just someone elses issue.
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IF youre an uber driver and you have a 1099, you have proof of income/employment. Submit it and be done with it
Uber driver is the same as self-employed. In addition to good credit and good references, I require a tax return and past 12 months' bank statements showing consistent deposits to support income reported on the rental application for all self-employed applicants. I get employer verifications and last pay stubs on employed applicants.
Uber driver is the same as self-employed. In addition to good credit and good references, I require a tax return and past 12 months' bank statements showing consistent deposits to support income reported on the rental application for all self-employed applicants. I get employer verifications and last pay stubs on employed applicants.
thats extreme. Geez. If you can verify their employment, you dont need all of that! I wouldnt rent from you if you asked all that. No way would i give you my bank info. A pay stub sure.... my bank account info. NO.
Not it isn't. If anything it doesn't go deep enough.
Quote:
Originally Posted by MrRational
Whether 1099 or W2 if they have a history of earning a similar amount by doing roughly
the same sort of work over some reasonable period (ie "being steady") then the specific work
they do really shouldn't matter.
The problem with many renters though (1099 or W2) is not being steady.
I'd want to see his 1040's for as long as he's been "self employed" or at least the last 3 years.
Including the pertinent schedules.
The concern is accuracy and consistency of what an applicant claims which include all sorts
of issues like under reporting gross, overstating expenses, operating uninsured or even worse...
creating the numbers up from whole cloth.
Those who can't (or won't) produce this sort of confirming data are hiding something.
thats extreme. Geez. If you can verify their employment, you dont need all of that! I wouldnt rent from you if you asked all that. No way would i give you my bank info. A pay stub sure.... my bank account info. NO.
If you went to a bank to borrow money to buy a house, they'd ask for that and more. If you're in essence "borrowing" a house to live in from a LL, it's very similar.
Either way you're taking control and possession of a valuable asset. No bank/LL in their right mind would hand that over without qualifying you.
If you went to a bank to borrow money to buy a house, they'd ask for that and more. If you're in essence "borrowing" a house to live in from a LL, it's very similar.
Either way you're taking control and possession of a valuable asset. No bank/LL in their right mind would hand that over without qualifying you.
I have bought a house and they didnt ask for all that. Thanks for the advice though!
thats extreme. Geez. If you can verify their employment, you dont need all of that! I wouldnt rent from you if you asked all that. No way would i give you my bank info. A pay stub sure.... my bank account info. NO.
If you are self employed, you don't have a pay stub, and there are very few landlords who will rent to you unless you prove you have income. So you have no pay stub and you have no boss who can be called to verify you have employment income. Uber drivers are self employed.
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