Question About Effect of Eviction on Credit Reports

[Jason Bohling]

So got a question for the landlords out there. My kid is looking to get her first apartment/place to rent here in Idaho, and is planning on starting school this Fall (she’s 22). My wife and I may have to sign on as guarantors and even though she’s my kid and responsible, it makes me nervous as all hell, as my wife and I have always taken great care of our credit, with all scores above 800. My question is in the event something happens and my daughter gets evicted, would an eviction reflect negatively on our credit reports or on us in any way?

Thanks in advance!!!

[Matthew Olszak]

@Jason Bohling The stiffed landlord could send the balance-due to a collection agency which would then report to the credit bureaus. If there is a money judgement entered that could appear as well. In either of those cases once you pay the balance those should come off your report and your credit will return to normal. Almost no landlords report rental payments to the bureaus so 99% of the time you won't have to worry about the rent showing up as a tradeline which would stick on your report.

As for the eviction itself, since you'd be named as a party in the suit, that eviction would also come up during our regular background checks. But if you don't rent yourself, that's a moot point.