Good Morning everyone,
This potential tenant is a RN with a retired/disabled husband and her adult daughter, a single mom with Borderline Personality Disorder and her grandson. They have move than enough income to pay the rent. The reason for their move is to find a better school district for the grandson. While I was verifying the employment and rental history, the information they provided seem to be true so far. They missed paying rent 15 times during the 5 years they have been with the current landlord range from 1 day late to 15 days late and was serviced rule to evict 3 times 4/5 years ago which were settled later on.
When I asked her to accept my request for her credit report, this is what she told me:
" I will tell you that my credit score is not great, my ex husband unfortunately caused many issues for me when we separated and I am working with the Credit Warriors to have my report cleaned up. It is a frustrating and long process and frankly embarrassing but I think it is important for honesty."
I was shocked to see her credit report with a score of 524 and the following information. She is the only applicant I have right now and our communication was good so I really wanted to make this work but I don't have peace. I am not realtor. I only rent out my own spare house. I would like to hear some insight from more experienced landlord than me. Any input would be appropriated!
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| | Public Records: | 1 | Number of Collections: | 8 | Number of Negative Trades: | 9 | Tradelines with any Historical Negative: | 4 | Occurance of Historical Negatives: | 35 | | | |
| | Revolving Past Due Amount: | $0.00 | Installment Past Due Amount: | $753.00 | Mortgage Past Due Amount: | $0.00 | Open Account Past Due Amount: | $0.00 | Closed With Balance Past Due Amount: | $4,479.00 | Totals Past Due Amount: | $5,232.00 | |
| | | Number of Revolving or Check Credit Trades: | 9 | High Credit: | $0.00 | Credit Limit: | $0.00 | Balance: | $0.00 | Monthly Payment: | $0.00 | % Credit Available: | 0 % | |
| | | Number of Installment Trades: | 6 | High Credit: | $41,031.00 | Credit Limit: | $0.00 | Balance: | $36,169.00 | Monthly Payment: | $565.00 | % Credit Available: | 0 % | |
| | | Number of Mortgage Trades: | 0 | High Credit: | $0.00 | Credit Limit: | $0.00 | Balance: | $0.00 | Monthly Payment: | $0.00 | % Credit Available: | 0 % | |
| | | Number of Open Trade Accounts: | 1 | High Credit: | $0.00 | Credit Limit: | $0.00 | Balance: | $0.00 | Monthly Payment: | $0.00 | % Credit Available: | 0 % | |
| | | | | High Credit: | $0.00 | Credit Limit: | $0.00 | Balance: | $4,554.00 | Monthly Payment: | $0.00 | % Credit Available: | 0 % | |
| | | Total Number of Trades: | 16 | High Credit: | $41,031.00 | Credit Limit: | $0.00 | Balance: | $40,723.00 | Monthly Payment: | $565.00 | % Credit Available: | 0 % | |
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