Posts Tagged Landlord
Would a legitimate landlord ask for a credit check before ever meeting with you?
Posted by admin in Polls & Surveys on October 18, 2010
Jess asked:
I found an ad for an apartment on craigslist. After I sent an email I received what I assume is an automated response (it was sent within the same minute).
I found an ad for an apartment on craigslist. After I sent an email I received what I assume is an automated response (it was sent within the same minute).
The guy said that because he does not live in the area he would rather make sure his tenants are eligible to rent from him and would need to send a credit report.
I have never done this before but I am pretty sure that my credit report will have ALL of my personal info ( social, date of birth, address) and I would prefer to not have my identity stolen. Am I being too paranoid? I know that landlords require a credit check, but do they ask for it without ever meeting you in person?
sorry for posting it here, but noone else ever really answers questions besides here and mens health…
Rhonda
Would a legitimate landlord ask for a credit check before ever meeting with you?
Posted by admin in Renting & Real Estate on May 10, 2010
Jess asked:
I found an ad for an apartment on craigslist. After I sent an email I received what I assume is an automated response (it was sent within the same minute).
I found an ad for an apartment on craigslist. After I sent an email I received what I assume is an automated response (it was sent within the same minute).
The guy said that because he does not live in the area he would rather make sure his tenants are eligible to rent from him and would need to send a credit report.
I have never done this before but I am pretty sure that my credit report will have ALL of my personal info ( social, date of birth, address) and I would prefer to not have my identity stolen. Am I being too paranoid? I know that landlords require a credit check, but do they ask for it without ever meeting you in person?
Lillian
What to do if landlord is up to fraudulent behavior using the personal information of others?
Posted by admin in Renting & Real Estate on November 7, 2009
lighthouse41 asked:
I recently applied for an apartment for rent by private owner. I provided my personal information when filling out the rental application. I now feel the woman never had plans to rent the place, and is using an “apartment for rent” as a front to obtain the personal information of others to commit fraud.
I recently applied for an apartment for rent by private owner. I provided my personal information when filling out the rental application. I now feel the woman never had plans to rent the place, and is using an “apartment for rent” as a front to obtain the personal information of others to commit fraud.
It turns out, my co-worker happens to know this woman personally, and says she recently filed bankruptcy, does not own the property, and was renting it from a relative.
What should I do? If the above is true, she’ll deny we met. This woman has my social security number, personal information, and more. Is there any way to tell when someone pulls your credit to apply for an apartment? I don’t think those type of credit inquiries appear on credit reports.
What should I do to prevent fraudulent behavior? There are Michigan laws protecting landlords, what about those for tenants?
MAYNARD
Credit Reports guide
Mansi Gupta asked:
Big and small loans have become quite a commonplace these days. Borrowing money has also become quite frequent with the advent of credit cards. As more and more people are banking on loans and other money borrowing techniques to accomplish their tasks, in order to save themselves from deceit banks and other money lending organizations have started enquiring about the individual’s history first.
The information so sought by banks and such organizations is in the form of a credit report. For any lender/s a credit report is the ideal way to determine a person’s creditworthiness. A credit report is a document that lists the concerned person’s credit history, employment and residence history. The personal details so mentioned in the report are the details filled by the person in his credit application. The report is created and updated using information from banks, traders and other creditors. Credit report also lists any judgments, tax liens, bankruptcies or similar matters of public record entered against the individual. In simple terms the report also records the number of times your credit report has been sought whether by a lender, service provider, landlord or employer which remains for up to two years.
Reflecting on a person’s past credit structure, a credit report thus enables a creditor to assess the ability of a person to repay the loan or make timely payments. This makes it easy for him to decide whether the loan is to be sanctioned in favor of the person or not.
But the fact is that a credit report can never be made available to any organization without the consent of the person being reported on. Moreover there are times when reporting agencies refuse to provide credit reports or investigate credit disputes, saying that they cannot identify the consumers. They ask the consumer to mail the copies of ID and utility bills or any other important documentation. Also for men and women in military it is even more difficult to get their own credit reports and many a times when you are overseas, it is just impossible to get that.
Lately it has been seen that access to credit information is proving to be a bone of contention for the businesses and consumers. Some big fish in this market such as Equifax, Experian and Trans Union are planning to introduce their own multi-agency credit score to outwit each other.
Every such company aims to make profits by providing accurate and instant credit information to the consumers. But unfortunately most often the results are disastrous in the form of inaccurate credit reports, identity theft and huge fees for credit monitoring after the consumer’s identity has been made available to thieves.
However a lot of nuances can be prevented if the consumer is cautious. After an individual gets his report, he should study it thoroughly. Anything negative on the report should be corrected right away, like the unpaid bills. Once you have paid the dues, let the concerned business notify the credit-reporting agency of it.
The accuracy of the report i.e. opening of any new account, charges you did not make or negligence or crime you are not responsible for etc. should also be carefully checked. If there is any fault, immediately report the concerned credit report agency about it.
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Big and small loans have become quite a commonplace these days. Borrowing money has also become quite frequent with the advent of credit cards. As more and more people are banking on loans and other money borrowing techniques to accomplish their tasks, in order to save themselves from deceit banks and other money lending organizations have started enquiring about the individual’s history first.
The information so sought by banks and such organizations is in the form of a credit report. For any lender/s a credit report is the ideal way to determine a person’s creditworthiness. A credit report is a document that lists the concerned person’s credit history, employment and residence history. The personal details so mentioned in the report are the details filled by the person in his credit application. The report is created and updated using information from banks, traders and other creditors. Credit report also lists any judgments, tax liens, bankruptcies or similar matters of public record entered against the individual. In simple terms the report also records the number of times your credit report has been sought whether by a lender, service provider, landlord or employer which remains for up to two years.
Reflecting on a person’s past credit structure, a credit report thus enables a creditor to assess the ability of a person to repay the loan or make timely payments. This makes it easy for him to decide whether the loan is to be sanctioned in favor of the person or not.
But the fact is that a credit report can never be made available to any organization without the consent of the person being reported on. Moreover there are times when reporting agencies refuse to provide credit reports or investigate credit disputes, saying that they cannot identify the consumers. They ask the consumer to mail the copies of ID and utility bills or any other important documentation. Also for men and women in military it is even more difficult to get their own credit reports and many a times when you are overseas, it is just impossible to get that.
Lately it has been seen that access to credit information is proving to be a bone of contention for the businesses and consumers. Some big fish in this market such as Equifax, Experian and Trans Union are planning to introduce their own multi-agency credit score to outwit each other.
Every such company aims to make profits by providing accurate and instant credit information to the consumers. But unfortunately most often the results are disastrous in the form of inaccurate credit reports, identity theft and huge fees for credit monitoring after the consumer’s identity has been made available to thieves.
However a lot of nuances can be prevented if the consumer is cautious. After an individual gets his report, he should study it thoroughly. Anything negative on the report should be corrected right away, like the unpaid bills. Once you have paid the dues, let the concerned business notify the credit-reporting agency of it.
The accuracy of the report i.e. opening of any new account, charges you did not make or negligence or crime you are not responsible for etc. should also be carefully checked. If there is any fault, immediately report the concerned credit report agency about it.
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Should You Obtain a Copy of Your Credit Report?
Allison May asked:
The answer to the above question is yes. You definitely should obtain a copy of your credit report. If you’re asking why, let’s talk about some important points about your credit report.
What is in your credit report?
Your credit report contains significant information about your accounts and finances. In your credit report, you can find your employment history, your salary history, your past and present credit with all your creditors and other legal information.
Also included in your credit report is your complete name, Social Security Number, date of birth, driver’s license number, your past and current home address, telephone number and other personal details. All transactions that you have with lending companies, credit card companies, insurance companies and other financial institutions are all reflected on your credit report.
How much you owe a certain creditor is listed in detail. Also, whether you’re paying your bills on time or not can be traced by looking at your credit report. All these information are included on your credit report.
Who Checks On Your Credit Report?
You may now have an idea why it is important for you to obtain a copy of your own personal credit report. Landlord, potential employers, insurance companies, government agencies, lending companies, credit card companies – all these organizations check on your credit report to know your background and reputation.
A single false information or an incorrect transaction on your credit report can damage your credit worthiness. You can get denied by potential employers just because your credit report seems bad. Creditors can refuse your applications on account that you have bad account on your credit report. Thus, it is your responsibility to check and ensure that there isn’t any false information or derogatory records that can affect your reputation.
Check Your Credit Report
You have the right to know if all the information contained on your credit report is true and accurate. As a consumer, you have the right to dispute information which you think are false, erroneous or fraudulent.
The Federal Fair Credit Reporting Act protects consumers from such inaccuracy or possible fraudulent accounts contained in their credit report. In fact, if a credit reporting agency or a credit bureau refuses to give you the appropriate service you need, you may also report it to The Federal Trade Commission.
Every year, all consumers are allowed to obtain a copy of their report from the three major credit bureaus for free. Thus, after making a careful examination on your credit report, you can inform the credit bureaus if you find any disputable records on your credit report. Below are the contact numbers of the three major credit bureaus.
Equifax Options P.O. Box 740123 Atlanta, GA 30374-0123 www.equifax.com
Experian Consumer Opt Out P.O. Box 919 Allen, TX 75013 www.experian.com
Trans Union Name Removal Option P.O. Box 97328 Jackson, MS 39288-7328 www.transunion.com
For a more in-depth discussion on credit report and your rights as a consumer, you may visit the FTC’s website at www.ftc.gov.
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The answer to the above question is yes. You definitely should obtain a copy of your credit report. If you’re asking why, let’s talk about some important points about your credit report.
What is in your credit report?
Your credit report contains significant information about your accounts and finances. In your credit report, you can find your employment history, your salary history, your past and present credit with all your creditors and other legal information.
Also included in your credit report is your complete name, Social Security Number, date of birth, driver’s license number, your past and current home address, telephone number and other personal details. All transactions that you have with lending companies, credit card companies, insurance companies and other financial institutions are all reflected on your credit report.
How much you owe a certain creditor is listed in detail. Also, whether you’re paying your bills on time or not can be traced by looking at your credit report. All these information are included on your credit report.
Who Checks On Your Credit Report?
You may now have an idea why it is important for you to obtain a copy of your own personal credit report. Landlord, potential employers, insurance companies, government agencies, lending companies, credit card companies – all these organizations check on your credit report to know your background and reputation.
A single false information or an incorrect transaction on your credit report can damage your credit worthiness. You can get denied by potential employers just because your credit report seems bad. Creditors can refuse your applications on account that you have bad account on your credit report. Thus, it is your responsibility to check and ensure that there isn’t any false information or derogatory records that can affect your reputation.
Check Your Credit Report
You have the right to know if all the information contained on your credit report is true and accurate. As a consumer, you have the right to dispute information which you think are false, erroneous or fraudulent.
The Federal Fair Credit Reporting Act protects consumers from such inaccuracy or possible fraudulent accounts contained in their credit report. In fact, if a credit reporting agency or a credit bureau refuses to give you the appropriate service you need, you may also report it to The Federal Trade Commission.
Every year, all consumers are allowed to obtain a copy of their report from the three major credit bureaus for free. Thus, after making a careful examination on your credit report, you can inform the credit bureaus if you find any disputable records on your credit report. Below are the contact numbers of the three major credit bureaus.
Equifax Options P.O. Box 740123 Atlanta, GA 30374-0123 www.equifax.com
Experian Consumer Opt Out P.O. Box 919 Allen, TX 75013 www.experian.com
Trans Union Name Removal Option P.O. Box 97328 Jackson, MS 39288-7328 www.transunion.com
For a more in-depth discussion on credit report and your rights as a consumer, you may visit the FTC’s website at www.ftc.gov.
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How To Read Your Personal Credit Report
Posted by admin in Non Fiction on October 16, 2008
John Edmond asked:
You would be surprised at how many people could not tell you what their credit score is, or how many people know nothing about credit reports in general. There is a fear of numbers out there, and a lack of knowledge that is causing people to lose track of their finances. Even those few who do actually pull their credit reports don’t know how to read them. There are some basics that you should know when trying to read a credit report.
The first thing you need to be aware of is if your credit report is pulled by someone else other than yourself it will result in a credit inquiry on your report, which could affect your credit score. You will not be notified of this at all. The inquiry often counts as a penalty and will make a small difference on your score.
When you look at the top of a credit report, you will see the words “Prepared For” as well as “Attention.” Prepared For will tell you what lender the credit report was actually made up for (who pulled the report), while the Attention blank will give you the actual name of a person and not just the company. Usually the Purpose of the Loan is also shown; and the Report Type will explain whether the credit report is for an individual or for a joint partnership.
Other sections that will be included on your credit report will be: Mortgage/Landlord Verification, Credit Summary (this can be the scary section), Vendor Errors (located right under the Credit Summary so you don’t look completely incompetent, often times, depending on the section, they do), and Scoring. There is sometimes a reason that is labeled as to why the score is what it is, but not always. There is no rhyme or reason for these reports; the entire field is clearly not rocket science.
The Vendor Information works on a number score basis, and these scores will be listed. A 0 will mean that the account is too new to rate for that vendor, a 1 will mean that you paid them, 2-6 will tell how many days you have been blowing the vendor off (for instance 5 means 120 days past due), 7 shows that you are bankrupt, 8 means that they had to come to your home and take away your things (repossession), and 9 means that you have bad debt issues.
If you get an X that means that they don’t have any information on you – yet. If you see an N this will mean that you have a zero balance. Make sure that you have provided the right calming essentials when reading this part of the report because a number 2-9 could give you a really bad day, or headache, take your pick.
Trying to untangle your credit report can be, at the very least, frustrating and discouraging. There are benefits to it though. By learning to read your credit report you are taking control of your financial well being and not leaving it in the hands of chance. Be patient and try to understand what you’re reading. In the long run it will be worth it to you to figure it all out. By following these few steps you may find yourself coming out well ahead of the rest of the pack.
Kansieo.com
You would be surprised at how many people could not tell you what their credit score is, or how many people know nothing about credit reports in general. There is a fear of numbers out there, and a lack of knowledge that is causing people to lose track of their finances. Even those few who do actually pull their credit reports don’t know how to read them. There are some basics that you should know when trying to read a credit report.
The first thing you need to be aware of is if your credit report is pulled by someone else other than yourself it will result in a credit inquiry on your report, which could affect your credit score. You will not be notified of this at all. The inquiry often counts as a penalty and will make a small difference on your score.
When you look at the top of a credit report, you will see the words “Prepared For” as well as “Attention.” Prepared For will tell you what lender the credit report was actually made up for (who pulled the report), while the Attention blank will give you the actual name of a person and not just the company. Usually the Purpose of the Loan is also shown; and the Report Type will explain whether the credit report is for an individual or for a joint partnership.
Other sections that will be included on your credit report will be: Mortgage/Landlord Verification, Credit Summary (this can be the scary section), Vendor Errors (located right under the Credit Summary so you don’t look completely incompetent, often times, depending on the section, they do), and Scoring. There is sometimes a reason that is labeled as to why the score is what it is, but not always. There is no rhyme or reason for these reports; the entire field is clearly not rocket science.
The Vendor Information works on a number score basis, and these scores will be listed. A 0 will mean that the account is too new to rate for that vendor, a 1 will mean that you paid them, 2-6 will tell how many days you have been blowing the vendor off (for instance 5 means 120 days past due), 7 shows that you are bankrupt, 8 means that they had to come to your home and take away your things (repossession), and 9 means that you have bad debt issues.
If you get an X that means that they don’t have any information on you – yet. If you see an N this will mean that you have a zero balance. Make sure that you have provided the right calming essentials when reading this part of the report because a number 2-9 could give you a really bad day, or headache, take your pick.
Trying to untangle your credit report can be, at the very least, frustrating and discouraging. There are benefits to it though. By learning to read your credit report you are taking control of your financial well being and not leaving it in the hands of chance. Be patient and try to understand what you’re reading. In the long run it will be worth it to you to figure it all out. By following these few steps you may find yourself coming out well ahead of the rest of the pack.
Kansieo.com