Ways for landlords to help ruin tenants credit

Ways for landlords to help ruin tenants credit

Flipper/Rehabber · Bloomfield CT · Member since 2020 · 1k+ posts · 408 votes

If you have a tenant that is way behind in paying back rent and you want to put this on their credit report, what web sites make this easy to accomplish and have low fees?

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  • Investor · Hendersonville, NC · Member since 2016 · 498 posts · 285 votes
    1y
    Quote from @James McGovern:

    If you have a tenant that is way behind in paying back rent and you want to put this on their credit report, what web sites make this easy to accomplish and have low fees?


    Your goal here should probably be about gaining leverage and not ruining someone's credit for the sake of revenge. That said, there are a couple of services like ClearNow and RentReporters that let landlords report payment history, but they’re more commonly used to help tenants build credit. For reporting missed payments or debts, you’d likely need to go through a collections agency or become a data furnisher with one of the credit bureaus, which comes with setup requirements and compliance rules. It’s not super simple or cheap, but possible if you really want to go that route.


  • Flipper/Rehabber · Bloomfield CT · Member since 2020 · 1k+ posts · 408 votes
    1y

    @Account Closed I am focused on collections in this question and not reporting of timely payments 

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