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Credit Reporting for good - Landlord Forum thread 346734

Credit Reporting for good by DYS (NJ) on July 24, 2016 @22:02

                              
I have tenant pays on time. He wants to build up credit. I am member of LPA and Quickcheck.
Can I report good? I want to do it if I can.
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Re: Credit Reporting for good by P-Bone (NY and OH) on July 25, 2016 @07:56 [ Reply ]
Not familiar with QuickCheck, but I have researched this before. Surprisingly I found that reporting them would not help them. Understand that making payments regularly is a good thing for anyone's credit report, but by consistently reporting the good payments, you are also effectively reporting a monthly liability. The fact that a new recurring debt would be reported on their credit report, impacting their credit utilization and all debt to income factors, it actually hurts more than it helps.
Re: Credit Reporting for good by Joel on July 25, 2016 @14:02 [ Reply ]
You may find this helpful

The Inside Scoop on...
Reporting Good Information to the Credit Bureaus

https://www.thelpa.com/lpa/credit-reporting-positive.html
Re: Credit Reporting for good by Joel on July 25, 2016 @14:04 [ Reply ]
Another way to report good is Option #3 Clear Now
at the bottom of the LPA Reporting page
https://www.thelpa.com/lpa/credit-reporting.html

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