Building Credit By Owner Financing
I just thought of the fact that owner financing is pretty much the owner is the lender. Now just a curios question, with a owner financing the property is there still a loop hole to still build credit as well or only if its in your own name?
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@Ray Agosto Great idea my friend. However the only way you will get credit for on time payments is if 1. the "lender" reports your payments to Trans, Equi or Exp. and 2. if your "lender" is a company who has the capacity to report. I don't think for a second that the 3 bigs will allow Joe shmo from the corner to make payment reports otherwise I would have been doing this 10 years ago LOL. Great idea. Persist and you will WIN!!!