Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Personal Finance
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 17 years ago on . Most recent reply

User Stats

134
Posts
79
Votes
Keith Schulz
  • Investor
  • Verona, WI
79
Votes |
134
Posts

Helping Tenant Improve Credit

Keith Schulz
  • Investor
  • Verona, WI
Posted

Hi,
I have a former tenant that would like to buy a house. Currently this person has almost no credit history. He has never had a credit card and has never had a loan. He had a couple of outstanding gas and electric bills that are now paid. ...but he pretty much pays all his bills on time (never had a late rent payment).

The problem is his credit score shows up as "no score insuffiecient credit history". I'm thinking about doing a lease option with this person, and trying to help him improve his score. I have told him to go get a credit card with a $500 limit linked to his savings account to get started with some type of credit. However, I'm also wondering if there is a way I can submit something to the credit bureaus saying that he always paid rent on time to get something positive on his report. Does anybody know of a way that a landlord improve a tenants credit score?

Thanks,
Keith

Loading replies...