Q:

How badly does an eviction hurt your credit?

A:

An eviction notice does not necessarily appear on a tenant's credit report. Landlords must obtain an eviction judgment from a local court for the report to take note. According to CreditKarma.com, this situation causes credit scores to drop and often has repercussions for a tenant's work life. Some employers perform credit checks before hiring new workers and public records appear on the credit report for seven years.

SmartCredit.com explains that an eviction only makes itself present on the credit report if a civil judgment is issued. If the landlord instead chooses to look past the breaking of the lease and is only concerned with recuperating any monies owed, the entry on the report is simply a collection. Fox Business recommends paying down existing balances and paying all current bills on time to improve one's credit score. Unfortunately, as the publication explains, it is not possible to have the eviction notice removed before the seven year time period elapses. Working to keep one's credit score high in other ways should help negate the damage caused by a previous eviction. Furthermore, Fox Business advises would-be tenants to discuss any eviction with landlords in the future, rather than letting the discovery occur during the standard credit check procedure.


Is this answer helpful?

Similar Questions

  • Q:

    How long does eviction stay on a credit report?

    A:

    Financial Scams notes that an eviction can stay on a credit report for up to seven years. Typically the landlord does not send the information to the credit bureaus. When a landlord evicts a tenant through court action, the eviction appears on a credit report as a public record.

    Full Answer >
    Filed Under:
  • Q:

    How do you get an eviction off your credit?

    A:

    According to Experian, an eviction from a residence does not appear on a credit report; however, a credit report can reflect a collection account due to unpaid rent or payments on a lease. A civil judgement may also be present if the tenant was sued for breaking his lease.

    Full Answer >
    Filed Under:
  • Q:

    How long does it take for bad credit to go away?

    A:

    Negative accounts on a credit report are usually removed after 7 years; however, negative accounts pertaining to bankruptcies generally remain on the credit report for 10 years. The time starts when the account is first listed as past due, according to Equifax.

    Full Answer >
    Filed Under:
  • Q:

    Is Credit Karma accurate?

    A:

    Credit Karma is accurate in the sense that it gives information about the data in a credit report and contains the latest information reported by creditors to the TransUnion credit bureau. Information is sometimes outdated when creditors have not recently updated a credit report. On the other hand, Credit Karma is not accurate in terms of FICO credit score, which is the "official" score most often used by creditors.

    Full Answer >
    Filed Under:

Explore