I have a relative as a landlord and as an effort to improve my credit i want to know how they need to go about reporting my payments to my credit.
2007-10-26 07:25:02 · 5 answers · asked by daisy_77375 2 in Business & Finance ➔ Renting & Real Estate
through an attorney usually...sometimes there is a cost..
2007-10-26 07:32:35 · answer #1 · answered by becca9892003 6 · 0⤊ 3⤋
They probably DON'T report it, and there is no requirement that they do so. In general, smaller businesses, such as you describe, do not qualify to transmit credit information to the major bureaus.
This is why you mostly see credit card firms, mortgage firms, and retailers reporting negative items.
I am a 'smaller landlord', and none of the bureaus were interested in hearing from me.
Information concerning your rental history will thusly be limited to information the bureaus gain from public records, such as judgments, liens, etc.
2007-10-26 07:51:31 · answer #2 · answered by acermill 7 · 2⤊ 0⤋
They have to have a contract with one of the credit reporting bureaus. All they have to do is call the sales department of either Transunion, Experian, or Equifax, and set up a contract.
Keep in mind, that there may be a minimum number of accounts that your landlord has to have in order to do that...so if you are his only tenant, they may not agree to contract. Also they must report on ALL of the tenants, not just you. Your landlord must also have a business license, they will not permit an unlicensed individual to contract.
2007-10-26 08:03:10 · answer #3 · answered by Expert8675309 7 · 0⤊ 1⤋
I've never seen rent on a credit report.
2007-10-26 07:41:41 · answer #4 · answered by Sydney 4 · 0⤊ 1⤋
http://www.24hrcreditfix.com/about.htm
2007-10-26 13:50:36 · answer #5 · answered by ? 6 · 0⤊ 0⤋