Would you rent to credit score zero? (apartment, evictions, rental)
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I was told I should put this up as information for landlords who look up credit reports.
My credit score is zero. That does not mean that I could not possibly have worse credit. It means they have no information about me. I have rented in the past, paid the rent and utilities every month, and I own my own house now, clear of any mortgage. I would think that I'm better off and a better credit risk than most people, who don't own a house and a car and have money in the bank. But somehow paying your bills on time over a lifetime doesn't get counted in the credit score. If you don't happen to have borrowed money from a bank you don't get a credit rating.
I had some trouble years ago about renting an apartment in a town where I had just started a good-paying job with a major manufacturer. I had been living on the family property nearby and therefore had no recent landlord reference. True, that could not be verified, and I expect that people make up such stories. I eventually found a mother-in-law type of apartment through a fellow-worker.
Scores can come back as not enough information to evaluate. They do not come back with a credit score of zero.
Sure, I will accept an applicant who always pays cash for everything and has never in his life been late paying a bill. But I also check criminal background and evictions, verify identity and verify income. I require 2 good landlord references. It's not like I don't run the credit report just becasue an applicant tells me they have no score because they always pay cash.
It is not true that you only get a credit score if you borrow from a bank. Unless you are operating completely off grid and with only cash, you should have a credit score, just from being signed up for utilities. Utility companies regularly report to credit bureaus.
I moved to the US about 10 years ago and did not borrow any money, and did not have a job for a while and still got an okay credit score pretty fast. Just by using Credit Cards and paying bills.
I moved to the US about 10 years ago and did not borrow any money, and did not have a job for a while and still got an okay credit score pretty fast. Just by using Credit Cards and paying bills.
It is not true that you only get a credit score if you borrow from a bank. Unless you are operating completely off grid and with only cash, you should have a credit score, just from being signed up for utilities. Utility companies regularly report to credit bureaus.
Yep. If I pulled a CB and it came up as zero, I'd think the SSN was wrong or something.
It is not true that you only get a credit score if you borrow from a bank. Unless you are operating completely off grid and with only cash, you should have a credit score, just from being signed up for utilities. Utility companies regularly report to credit bureaus.
Shrug. I live with 10 roommates. Only one of us can be signed up for utilities.
I got a copy of my credit report and it said zero. It also had a wrong address, a place I haven't lived in for thirty years. Maybe they meant I don't exist there any more.
Somebody has been listening too much to Dave Ramsey.
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