How badly does an eviction hurt your credit?

Answer

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.

Q&A Related to "How badly does an eviction hurt your credit?"
A short sale occurs when the lender accepts less than the amount owed on a home loan. It's usually a last resort before foreclosure. Lenders agree to a short sale in lieu of a foreclosure
http://www.ehow.com/info_7747809_much-short-sale-h...
IT CAN HURT YOUR CREDIT DRAMATICALLY! CALL YOUR CREDITOR AND ASK TO PAY THIS CHARGE OFF IMMEDIATLY WHEN YOU ARE ABLE TO FINANCIALLY.
http://wiki.answers.com/Q/How_bad_do_charge_offs_h...
A line of credit will show up on your credit report and can limit your ability to
http://www.chacha.com/question/how-bad-does-overdr...
Auto finance is what I do for a living and a repossession is one of the worst things that can show on your credit without being included in a bankruptcy. Your score will drop between
http://answers.yahoo.com/question/index?qid=200712...
Explore this Topic
An eviction will stay on your credit report for seven years. This is from the day the eviction was filed. If however the eviction is started and then stopped or ...
You can have cramps if your pregnant but they should not be really bad. They should hurt less than when compared to when you have cramps during your period. You ...
An eviction is the removal of a tenant from rental property by the landlord. Pursuant to the Fair Credit Reporting Act, civil judgments (the results of civil suits ...
About -  Privacy -  Careers -  Ask Blog -  Mobile -  Help -  Feedback  -  Sitemap  © 2014 Ask.com