How to Report Tenant to Credit Bureau
Reporting to the credit bureaus is something every landlord should be doing regularly anyway. If you have a tenant that pays their bills on time they should be rewarded by being able to have that considered on their credit report.
If You Don't Report
If you do not report, DO NOT have a contract with one of the three major bureaus it can be a little difficult to report only bad news but it is possible it just takes a few extra steps. Assuming that you have been to court and gotten the judgment against your tenants than you are half way there to getting the information recorded on their credit report.
You will have to contact each of the three major reporting agencies to provide a copy of the judgment order. Each agency may have different rules for reporting something like a judgment.
If You Do Report
If you do report to the credit bureaus regularly than adding the judgment is easy. All you have to do is keep up with the monthly reporting and the judgment will be registered automatically.
It is the easiest way to insure that your tenants records are kept to reflect whether or not they are a good risk for other creditors. As a landlord you are a creditor you are entrusting a piece of property to someone on the promise that they will pay you ever month to use it.
Reporting both the good and bad to the credit bureaus is good for both you and your tenants. Being able to collect the money that is owed to you may depend on it. Unfortunately many people do not pay up until they are compelled to do so like when they are trying to arrange for new housing and they have an awful mark from an old landlord on their credit report.
Many old tenants are forced to pay their old landlords before they will remove the negative comments from their credit
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