Re: NO CREDIT history- has anyone accepted a tenant th

Re: NO CREDIT history- has anyone accepted a tenant th by Jack Klein (NY) on December 11, 2014 @11:36

I would consider accepting tenants with NO credit history under certain circumstances.
No credit is better than bad credit, but the lack of history doesn't help that much.
If you're sure you have a ss# match on them and run a credit check you may still get some info on a credit report.

If this couple is right out of college, what about student loans? Are their student loans on their credit report?

If their loans are deferred, they still may not have a score yet, so I would want a 3rd month deposit. (I know some states might have a problem with that)

Often, student loans can ruin credit. I've seen many times that they start reporting before the student realizes it and that can ruin someone's credit, even though they may be otherwise an excellent credit risk, but always remember, if their credit score get's knocked down below 600 by student loans, they may not have much credit worth protecting.

Like John at the LPA says, if they don't pay the rent and you threaten to damage their credit, they will laugh at you.

[ Reply ] [ Return to forum ]

Re: NO CREDIT history- has anyone accepted a tenant th - Landlord Forum thread 328588