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Nearly two dozen wildfires have swept northern California since August, “including the two complex fires in the San Fran...
Evictions. They can be the bane of landlords and tenants alike. Regardless of how it happens, though, it’s in your interest to know what it means for the future. As a landlord, you need to know who you are planning to rent to. As a tenant, you need to know how your rental history and credit reports are connected so that you can find your dream rental.
Let’s break down the mystery behind evictions and credit reports.
Evictions will show up on a person's credit report so long as the eviction is reported to a credit bureau. Given that an eviction is typically processed by a public court, it will appear under the “public records” section of most credit reports.
Alternatively, a landlord may submit unpaid rent dues to a collections agency. If this happens, the collections agency will likely submit this information to the major credit bureaus. When this happens, it will be recorded in the credit report.
Generally, it will take 7 years from the original date of delinquency to have the information removed from a credit report. The delinquency date is the original date that payment was found to be past due.
However, it is possible to have false information removed from a credit report. A person may file a dispute with the credit bureau holding the false information. If they are able to prove that the information is inaccurate, the information can be changed or removed from the report.
It generally takes about 30 to 60 days following a judgment for an eviction to appear on a credit report provided by the major credit bureaus.
If you are concerned about an existing tenant’s rental history, you may still sign up for Naborly’s tenant screening to receive a Naborly Report. That report will include all of the information (and more) provided by the major credit bureaus.
We advise landlords to screen tenants prior to beginning tenancy so they have a better sense of who they are renting to. Unforeseen surprises from a tenant can be detrimental for a landlord, not only because of lost rent but also because of property damage or illegal activity conducted on the property.
It is a less than ideal situation if you will want to find tenancy in the future. If unpaid rent or property damage led to an eviction, then it will more than likely appear on your credit report. That report will not change for seven years, so it is good to be proactive in finding solutions to guarantee a successful renting future.
Being open and upfront with your potential landlords is the best course of action. Landlords generally want peace of mind, so they will be unlikely to choose a tenant with a past eviction over a tenant with a clean record. But that doesn’t mean it is impossible.
Go the extra mile to prove your income and ability to pay rent on time. Set up a cosigner to show that there is collateral should you be unable to pay. These precautions may make a landlord more apprehensive, so be delicate in providing this information. Naturally, you are under no obligation to provide this information to a potential landlord, but it doesn’t hurt to show that you have nothing to hide.
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