Ranch Records

Will renting a private home affect my credit or renter’s history? If so, How?

so, you know, everytime you apply for any kind of loan or for a credit card, they always ask “do you own, rent?” “how long have you lived there?” and even if you have lived for a short period of time at the current address, they will ask for your previous address. I’m curious because I lived in one place for 5 years, everything fine, never caused a problem, paid my rent always on time, you know, good record basically, but then a friend of mine moved to florida and asked me if i wanted to live at her place, a nice ranch style house, bigger where i used to live, same price, so basically i’m making her mortgage payments (and she doesn’t have to sell the house, she just doesn’t know how long will be living over there). recently, i got a car loan and they asked me all the routine questions i mentioned before. of course, where i used to live was an apartment complex and you know, they have the leasing office and all that, but now this is just an independent, privately own house.

It will not effect your credit at all. Apartment complexes do not report to the credit bureaus unless you don’t pay.

The reason the banks ask those questions is so when they pull your credit they can compare the information you gave them to the information that shows on your report.

This is one of the ways that they make sure that you are who you say you are as required by the patriot act.

Joe Jackson BET Awards 2009 CNN Interview – arrogant and self serving