Update Tenant's Credit Report with Credit Bureau

By: Landlords Chamber Of Commerce  09-12-2011
Keywords: landlords

Have you followed the rules and law and find that your tenants are ignoring your requests and or notices?Do you feel overwhelmed with the legal process?
Landlords as a creditor to your tenants you may be able to update your tenant’s credit report with major credit bureaus if you are a PLATINUM Member with LANDLORD’S Chamber Of Commerce™.PLATINUM Members may update tenant’s credit report with major credit bureaus by following specific credit reporting rules in accordance with Federal Fair Credit Reporting Act or Consumer Reporting Act. Learn how to report your tenant’s payment pattern, which can help you successfully manage your tenants and reduce legal fees. Why waste money on legal fees? A person’s credit record is very significant. If you have proof of tenancy and proof that your tenant owes you money, you may be able to update tenant’s credit report with major credit bureaus.Our credit score can and does affect the terms offered by a lender and that can translate to be money out of pocket in the form of higher payments. The cost of borrowing money is the biggest reason why this exclusive access is so valuable to landlords. All landlords should ensure that their tenants credit record accurately reflects past payment history.This service is available to PLATINUM Members who have the required documents. To access this service a landlord submit in writing proof of tenancy and proof of tenant’s failure to pay.


Keywords: landlords

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