Wednesday, October 28, 2009

How can i damage my tenants credit rating of he hasn't paid rent?

He hasn%26#039;t paid in 2 months and I would like to know if there is anything I can do to the credit bureaus?



How can i damage my tenants credit rating of he hasn%26#039;t paid rent?

AFTER you start the legal clock - by giving your Tenant a 3 or 5 Day Notice to Quit or Pay rent.....you then can get the ball rolling (very quickly) for an eviction hearing.....Once you receive a Judgment.....includes amounts due plus court costs......Make sure you provide the court the tenant%26#039;s social security number....



Take the original Judgment to your County Recorder%26#039;s Office....Once recorded, the next time a credit bureau does a hard pull, your judgment will be added as a creditor to their credit report.



Depending on your state, you can then send a demand letter for full payment of the judgment and when they don%26#039;t pay, you get to garnish their wages!!!!! some states prohibit this, others allow it.



google your state and landlord/tenant laws.



How can i damage my tenants credit rating of he hasn%26#039;t paid rent?

File for a judgment, turn the judgment over to an atty. or a collection agency.



Simple rent and possession claim if the tenant is still in the unit. if not, small claims court.



In most states you must get them served with the subpoena to appear in court to get a judgment for money. You can get an eviction in most with a simple posting of the subpoena or notice to appear.



How can i damage my tenants credit rating of he hasn%26#039;t paid rent?

You can report it, just find the housing department in your area and they should be able to put you in the right direction. 1st step though is not allowing it, over 30 days late with us and they are served with a demand for possession letter (pick up at your local courts) and go after Non-payment of rent. At the 2 month mark you should be rid of them and on to suing for past rent and damages. NOTE EVERYTHING! Photos are a god-send!



How can i damage my tenants credit rating of he hasn%26#039;t paid rent?

Turn it over to a collection%26#039;s agency or evict him.



How can i damage my tenants credit rating of he hasn%26#039;t paid rent?

not at the bureau level. your nobody to them, but you can put a judgement against him and that will screw up his credit and is a pain in the a** to fix.



How can i damage my tenants credit rating of he hasn%26#039;t paid rent?

Getting back at them is a temptation that you probably shouldn%26#039;t waste your time on. If you go to small claims court and get a judgement against them for the unpaid rent, that will show up on their credit report. Judgements typically have to be paid before they would be approved to finance nearly anything. In the meantime, evict them and learn from the experience.



How can i damage my tenants credit rating of he hasn%26#039;t paid rent?

You should start eviction procedures now. This takes forever.

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