Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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,

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...