Loans By Kathy: Good news for renters

Good news for renters

 

There are many potential home buyers that are looking for help when it comes to improving their credit score.  I found this information on the Experian website that describes a program that will help renters rebuild their credit with a good payment history to a property management company.  This can be the first step in taking control of their credit and home ownership.  There are few points to make:

1) The property management company must be participating in the program

2) It will only report good payment history, as collections and evictions will be reported by collection agencies as derogatory credit accounts.

Here is a link to their website for more information: 

Rental Payment Data Now Part of Experian Credit Reports www.experian.com

 For more information, please feel free to contact me.

 

 

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Kathy Sheehan Senior Loan Officer

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770.634.4021

F:

404.745.8060

 

Bay Equity LLC

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11475 Great Oaks Way, Suite 350, Alpharetta, GA 30002

800.BAY.3703 Bay Equity LLC NMLS ID#76988


 

 

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The opinions and general information in this blog are soley those of Kathy Sheehan.  Specifics regarding an individual case should be discussed in detail with a loan professional.  For a confidential consultation, please feel free to contact me via phone or email.  All terms and conditions are subject to change.

 

Comment balloon 0 commentsKathy Sheehan • March 15 2011 09:27PM

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