Hey guys, help my friend please! About 5 years ago, she was renting an apartment. The owners changed hands and the apartment was bought by a new landlord. Neither of the landlords left a forwarding address to remit rent payment until 1day before the rent was due. The rent was mailed and somehow it got lost in the postal service -according to the landlord. He filed for eviction before introducing himself or sending a late notice. He agreed he filed too hastily and since he had the check in his office, he droped the case. She is looking for a house, and she just came crying to me the lender says the court filing is on her credit. She says it's not on her credit reports so she does not even know where to begin to dispute it. I looked at her credit reports and I do not see anything about a judgement or court either. Where is the lender seeing this information? I don't know what to tell her. Will this affect her credit? If no court ever occured, what can she do to rectify this situation?
2007-12-21 04:35:37 · 5 answers · asked by _nicole_ 4 in Business & Finance ➔ Credit
I usually give her good advice, but I am stumped with this one. I asked it on the renting & real estate side, but did not get good answers. She says it may ruin her chances at getting the loan she wants. Is this true?
2007-12-21 04:37:47 · update #1
FYI, she moved out a few months after that happened. She says this is the first she has heard of it, and she does not have the landlord's contact info anymore.
2007-12-21 04:50:38 · update #2
Any court filing is public record, no matter what the outcome was. It sounds as if the lender did a public records search. However, even in this case the lender should see that it was dropped. So while they should not hold that against her, they could.
You are right it won't effect her credit score because there was no judgement. But lenders look at several factors and an eviction could keep them from funding the loan. She should go back to the lender and ask where she found to make sure it is being reported correctly. Then have your friend explain exactly what you said here, if she can get a letter from the landlord that did this that would probably be even better.
2007-12-21 04:46:32 · answer #1 · answered by OC1999 7 · 0⤊ 0⤋
She has a right to know where the information was found so she can dispute it. In many cases it is a false claim but the lender has the obligation of telling her where they found this bit of information. She can also contact the former landlord and request a letter of resolution sine the whole matter is their fault and they didn't close the case as resolved without issue or prejudice. If the landlord refuses she may have a case for defamation of character but she would need to talk to a lawyer if it came to that. Step one the Lender needs to supply the information that is causing the refusal of credit. She can find out more about her Credit rights at FTC.gov website (http://www.ftc.gov/credit). Good Luck!
2007-12-21 04:47:00 · answer #2 · answered by Walking on Sunshine 7 · 0⤊ 0⤋
Sometimes judgements will not show up on credit reports because you can get them removed, are you friends with a title company? In Texas a title company checks all your records to see if you have a judgement and can find them even if they are not on your credit report. If you need any other help please let me know. If you need help talking to the landlord I will be glad too :) it's always fun when the law is on your side.
Derrick
answers@robertscredit.com
2007-12-21 05:25:34 · answer #3 · answered by Anonymous · 0⤊ 0⤋
The friend needs to produce a letter about the whole incident because lenders take situations into consideration when its beyond the borrowers control. Make sure she gets a lender processor who provides her resolution and options. Looks like the present one is not providing that.
2007-12-21 04:42:10 · answer #4 · answered by anaise 6 · 1⤊ 0⤋
in many cases you consolidate your debt once you're as much as right here with it. So it fairly is the two take that hit or pass under. in case you pass under it fairly is going to take a much bigger HIT than in case you got refinanced and carried on paying and rebuilding your credit. definite? AND while you're as much as right here with debt, the least of your concerns could be your credit considering the fact that a credit is barely clever to GET YOU INTO DEBT. definite? RE: Does debt consolidation impression credit history and score? i'm thinking approximately consolidate my expenses, yet i'm afraid that it is going to be stated on my credit history or impression my credit indirectly.
2016-11-23 19:48:32 · answer #5 · answered by ? 4 · 0⤊ 0⤋