For example, if you damaged the property, the landlord may want you out as soon as possible. This still may not appear on your credit report as it is only the start of the legal process.
If you lose in court after an eviction notice, a judge will enter an eviction judgment on behalf of your landlord. This is the official court order that the landlord is allowed to remove you from the premises if you fail to leave by a certain deadline.
While the eviction judgment is officially an eviction, it does not appear on your credit report. Your credit report reflects only financial debt and whether those debts have been repaid. The purpose of the eviction is to end the lease permitting the landlord to retake possession of their property.
While an eviction judgment does not appear on your credit report, it is still a public record. Most tenant background checks search public records for evictions, so prospective landlords may see the eviction when you apply for housing.
While an eviction does not directly affect your credit score, many evictions involve owing money to the landlord. This might be unpaid rent or damage to the property. Unlike other debts, your landlord will not typically report your rent history or late payments to a credit bureau.
What may impact your credit score is when the landlord sends unpaid debts to collections. A collections account can potentially reduce your credit score hundreds of points, depending on where you started. The impact lessens over time, and many newer scoring models ignore the collections account once paid back in full. The court may also enter a civil judgment for rent, other charges, or court costs. Court judgments no longer appear on your credit report.
Therefore, the court judgment itself may not lower your credit score. The emotional and financial strain it puts on someone is immense and no one enjoys losing their home, whatever the reason may be. The act of being evicted by itself cannot damage a credit score because credit referencing companies do not record evictions as part of their data gathering process. But there is one way being evicted CAN damage a tenant's credit score. If a tenants gets behind in their rent payments then most landlords will eventually go to court to 'seek possession' of their property and evict the tenant They are happy just to evict a tenant and waive the money goodbye.
This is because the process will often take more time, resource and money to chase a tenant for the unpaid rent. Most landlords prefer to move on, put the eviction behind them and channel their energies into finding a new tenant.
There are several reasons why a landlord will ask a tenant to leave a property. Landlords sometimes ask tenants to leave because they want to sell the property , or move back into it themselves.
Current eviction laws mean a landlord can evict a tenant after the minimum rental period - which is usually six months - without giving a reason. But a landlord cannot evict someone because a tenant has complained about a property. These are called revenge evictions and were recently outlawed.
While positive rental payment history may be included in your Experian credit report, your report will not show eviction information. Eviction records can be found via a separate rental history report , which can be obtained through a tenant screening company or through Experian RentBureau.
Your landlord or apartment complex may also file a civil suit and win a judgment against you for the unpaid debt. Judgments are not part of a credit report, but they are a matter of public record and may be included in other kinds of consumer reports, so they could affect personal and business decisions.
Although your credit report will not show an eviction, it could include a collection account for any unpaid rent and fees, if the apartment complex felt that you owed them money and sold the past-due debt to a collection agency.
The collection account should show the name of the original creditor who sold them the debt. Collection accounts remain on your credit report for seven years from the original missed payment date that led up to the collection status.
Collection accounts are considered derogatory and can have a substantial impact on credit scores, especially if left unpaid. Although a paid collection account is still considered negative, some newer credit scoring models don't include paid collection accounts in the score calculation, so paying off an outstanding collection account could help improve certain credit scores. The leasing office that notified you of the eviction should be able to give you the name and contact information of the tenant screening company that reported the information.
If you've already spoken to the landlord that reported the eviction and they have no record of it or state that the debt is no longer owed, you should then contact the tenant screening company to find out how to dispute the information in their file. If you haven't already done so, you can request a free copy of your Experian credit report to see if there is a collection account for any eviction-related debt on your report.
You can also obtain a free copy of your credit report from each of the three major reporting companies at AnnualCreditReport. From now through April , you can order your free report from Experian, TransUnion and Equifax once a week. If you find inaccurate information on your credit report, you can dispute the information immediately online with Experian. Whether you are shopping for a car or have a last-minute expense, we can match you to loan offers that meet your needs and budget.
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