04-04-2007 11:38 AM
04-05-2007 06:02 AM
Ntherapy wrote:I was forced into BK and have been doing everything possible to re-establish my once beautiful 800 credit score. I have been renting a home from an individual for just over two years and would like to add that positive payment history. Does anyone know how to do this? Does it help?I am doing all of the other things, car payments, credit cards, etc., but would really like to add this. Please help.Rental history is not recognized by FICO scoring though it can be used in cases, such as applying for a mortgage to prove payment history when that history is too short. In order for any account history to be reported the reporting party must be a reporting member of the bureaus. Most landlords are only reported after they engage a professional collector to collect negative rental income.
04-10-2007 01:19 PM
Ntherapy wrote:If I wanted to try to get my landlord to be one of those recognized by the FICO boards, how would I go about doing that? Anyone know?there are membership fees associated with bureau reporting that I believe would be prohibitive for something like a landlord. I have a state student loan, andthese people make tens o thosands in loans yearly but only report to one bureau.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO