Archive for March, 2016

Tenant Credit Background Check

2 EASY STEPS TO ORDERING CREDIT AND BACKGROUND REPORTS ON PROSPECTIVE TENANTS

Step 1: Become a member – Click Here

 Step 2: Order reports: Order form, Signed Applications, and Picture ID – Click Here

 Tenant Credit Check $19.95: Decision credit report, or with an on-site inspection full consumer credit check.

 Landlord Preferred $29.95: Social Security Verification, Eviction Report, Previous Name and Address Verification, Birth Date, Employment History and Verification*, Public Records and Civil Judgments, Liens, Bankruptcy, Foreclosures, Consumer trades, Previous Rental History, Previous and Current Credit Information, Previous Inquiries, FICO/Beacon Score dependent on On-Site Inspection

 Landlord Comprehensive $39.95: Criminal Record Search, Sex Offender Search, Social Security Verification, Eviction Report, Previous Name and Address Verification, Birth Date, Employment History and Verification*, Public Records and Civil Judgments, Liens, Bankruptcy, Foreclosures, Consumer trades, Previous Rental History, Previous and Current Credit Information, Previous Inquiries, FICO/Beacon Score dependent on On-Site Inspection

 Landlord Complete $60.00: Criminal Record Search, Sex Offender Search, Police Record Search, Separate Bankruptcy Search, Second Criminal Record Database search, Social Security Verification, Eviction Report, Previous Name and Address Verification, Birth Date, Employment History and Verification*, Public Records and Civil Judgments, Liens, Bankruptcy, Foreclosures, Consumer trades,Previous Rental History, Previous and Current Credit Information, Previous Inquiries, FICO/Beacon Score dependent on On-Site Inspection

 Comprehensive Background Bureau $22.50: Criminal Record Search, Sex Offender Search, Social Security Verification, Eviction Report, Previous Name and Address Verification, Birth Date, Public Records, Bankruptcy

Landlords ALWAYS Charge a fee for late paying tenants

Details regarding late rent. How and when will you enforce a penalty if your tenants fail to pay? You might regard the rent as late if it’s paid just a day after the first of the month, or you may choose to provide a grace period of three or five days. As for the financial penalty, you have a few options. You may charge a flat penalty fee, a percentage of the rent for each day it’s late, or a set dollar amount. While you’re allowed some freedom in this area, make sure to check with local and state laws to determine what you can and cannot legally charge for late payments.

No Trump Voters Allowed

Junction landlord screens renters based on politics

032016_gdd_Holmes_rental_bw

Landlord Mark Holmes has a two-bedroom apartment for rent on Main Street, but he states in his ad that he will not rent to anyone who supports presidential candidate Donald Trump. It is not illegal to discriminate against tenants because of their political beliefs, according to the Fair Housing Act.


For rent: Downtown apartment, 2 bedrooms. Includes organic garden space, hot tub, great backyard. You can bring your dogs if they have references as good as yours. If voting for Donald Trump, do not call.

Supporters of The Donald aren’t welcome at Mark Holmes’ rental on Main Street, indicated by this advertisement he placed in The Nickel last week.

The ad prompted some anonymous callers who disagreed with his political statement to leave hate messages on his voicemail.

His reasoning behind placing the stipulation in the ad is that he doesn’t know what to do anymore about the possibility that Trump might be elected, and he’s just had it.

“I don’t know what to do anymore about what’s going on in this country,” he said. “It’s just a mess.”

One of the messages left by an anonymous caller claimed that Holmes was violating federal housing rules and discriminating against political affiliations.

But that’s simply not true, according to the U.S. Department of Housing and Urban Development.

“That has nothing to do with the Fair Housing Act,” said HUD spokesman Jerry Brown, noting that he hasn’t received inquiries about similar ads. “But that seems to be a first, and it’s original.”

Holmes said he was inspired to include the stipulation for a few reasons, including the fact that he doesn’t want to share a roof with Trump sympathizers who subscribe to Trump’s rhetoric, which has included controversial comments about banning Muslims from the country, building a wall to keep out illegal immigrants and encouraging violence at his rallies.

“He’s preaching hate and he’s preaching … a lot of venom, spit and vinegar. And I live in the top part of the house,” Holmes said. “I don’t want anybody that even thinks that Donald Trump can be a good president to live in my home.”

Holmes said he has received several applicants and has a potential renter already, so the ad didn’t cause problems for him in attracting business, but, “I didn’t do it as a gimmick to rent at all,” he said. “I think people just don’t understand that (Trump’s possible election) is going to happen.”

Holmes, who has lived in the Grand Valley since the 1970s, said he’s a long-time activist, who started protesting during the Vietnam War and continued over the years as he encountered various causes he believed in, including the fight against a toxic waste incinerator proposed for Cisco, Utah, in the late 1980s.

He calls the current political situation a “quagmire” and said he’s recruiting dedicated, like-minded folks for a grassroots coalition to promote change on a variety of issues, not just opposing Trump for president.

“But it’s not easy,” he said. “I swear to God, half the nation is on Prozac. People are asleep at the wheel.”

He hopes to recruit participants for peaceful demonstrations on a variety of issues, and wants participants who are willing to “get their fingernails dirty.”

“I want to pick people who don’t mind spending a night in jail during a Gandhi-type of protest,” he said.

Credit Report Tutorial

Credit Report Tutorial

Accurate Credit Bureau provides tenant credit reports, eviction reports, and background checks nationwide for landlords, property managers, and real estate agents; and employee credit reports, DMV records, criminal background checks, and employment reference verification for businesses across the country. Credit Reports can be accessed Monday through Friday 8 AM to 6 PM CST and Saturday 10 AM to 4 PM CST. No Set up Fees or Membership required.

HOW TO READ AND UNDERSTAND A TRANS UNION CREDIT REPORT

how to read credit report codes

1. The Heading is at the very top right of the report. It contains the Credit Bureau’s information. The Credit Agency, their address, their phone number, and the date the report was inquired upon.

TRANS UNION Credit Profile Report
TRANS UNION
2 BALDWIN PLACE, P. O. BOX 1000
CHESTER, PA. 19022
800-888-4213
Date Reported: 7/30/2003


PERSONAL INFORMATION
renters
 

2. The next section of the report is the applicant’s personal information. This includes the Consumer’s name, social security number, up to three different addresses, date of birth (if available), and telephone number (if available).

Name: John Doe Consumer
SSN: ???-??-????
On File Since: 10/1/1988

Address:

Reported On:

1792 E WASHINGTON Blvd
PASADENA CA 91104
11/1/1999

Address:

Reported On:

111 N LAKE Street
ALTADENA CA 91104
5/1/2002

Address:

Reported On:

9999 MONTROSE Ave
LA CRESCENTA CA 91214
5/1/1997
Date of Birth: ??/??/????
Phone: 555-6439


Check the addresses against those submitted in the rental application. Do they match? The addresses are located below the applicants name with the most current address directly below the applicants name and chronologically listed from there. The employment and birth date information are located to the right of the applicant’s addresses and above the summary score. Former addresses and employment information is inputted when a consumer applies for credit. Therefore it can or cannot be a definitive verification of the last three residences or jobs.


EMPLOYMENT INFORMATION
rental check
 

3. This section of the report is the applicant’s employment information. This includes the company name, date hired (if available), income (if available), occupation (if available), and separation date (if available).

Company Name: ACCURATE CREDIT BUREAU
Date Hired: 11/1/1999
Income: $???,???
Occupation: CREDIT BUREAU
Separation Date:


Check the employment history against those submitted in the rental application. Do they match? The employment history may not necessary have the most current information. Former addresses and employment information is inputted when a consumer applies for credit. Therefore it can or cannot be a definitive verification of the last three residences or jobs.

 

 

REPORT SUMMARY
renter check 

4. Here is the overall summary of the applicant’s credit history. This will tell you the total number of accounts the applicant has, accounts that are still currently active or negative or too new to be rated, accounts that are past due or paid off, person(s) that have inquired upon the applicant’s credit history, accounts that are in collections or public records, total amount still owed, and a breakdown of the amount.

Total # of Trades: 14
Current Trades: 8
Unrated Trades: 1
Curr Neg Trades: 5
Hist Neg Trades: 3
No. of Accts Paid: 5
Curr Past Due: 4
Amount Past Due: $5,442
30 Days: 0
60 Days: 0
90+ Days: 1
Inquiries: 3
Inq. last 6 mnths: 1
Public Records: 0
Collections: 2
Oldest Trade: 3/1/1994
Accounts Balance: $102,748
Mnthly Payment: $1,348
Credit Limit: $0
High Credit: $107,247
Total Real Est. Bal.: $77,576
Total Rev. Bal.:
Tot. Installment Bal.: $16,246
Available %: 0

 

Total number of accounts Accounts that are 30 days past due Total amount that is still owed
Accounts that are still currently active Accounts that are 60 days past due Total minimum amount due every month
Accounts that are too new to be rated Accounts that are 90+ days past due Most amount that can be borrowed
Currently active accounts that have been past due Total number of person(s) that have inquired upon this credit history Most amount that has been owed
Past accounts that have been past due Total number of person(s) that have inquired within the past 6 months Total amount of mortgage loans
Accounts that have been paid off Total number of accounts that are in public records Total amount of revolving balances (credit cards)
Currently active accounts that are past due Total number of accounts that are in collections Total amount of installment balances (loans)
Total amount of the past due accounts Oldest account Available percentage of the credit limit


SCORECARDS
landlord checks
 

5. The score summary, Trans Union/Empirica, is above the applicants credit and trade information and is the overall rating of the applicant’s credit. Up to four factors are disclosed and are displayed in order based on their relative impact on the final score. Generally scores exceeding 625 are considered by banks as worthy of loans. The lowest scores are in the low 400’s and the highest scores close to 850 (Very few). Scores between 600 and 700 are very common and considered very good. Most tenant applicants will fall between 550 and 650 credit scores. Scores below 575 are considered a risk, and usually warrant further documentation or higher security deposits if the landlord proceeds. (Note: No Hit means that the consumer has no credit history whatsoever and nobody has even inquired upon their credit history)

Scorecard: EMPIRICA
Score: 676
Reasons: Serious delinquency, and public record or collection filed

Level of delinquency on accounts
Time since delinquency is too recent or unknown
Proportion of balances to credit limits is too high on bank revolving or other revolving accounts

 

 

COLLECTIONS
landlord screening 

6. Identifies consumer accounts that have been transferred to a professional debt-collecting firm. Collection information includes the name of the collection agency providing the information, collector’s kind-of-business designators, and the consumer’s account number with the collection agency. Also included is the date the amount was charged off by the original creditor, date the information was verified, the original dollar amount of collection, the balance owed as of date verified or closed, name of the original creditor, and an explanation of current account status as reported by the collection agency.

CROWN EMERGENCY PHYSICIANS
Collection services
(9B)Collection account
Placed for collection
9/1/2001
7/1/2003

01Z5P001/MEDCLR INC
9037139

$123
$123

 
 
 
 
COMCAST
Collection services
(9B)Collection account
Placed for collection
5/1/2003
6/1/2003

04326001/CRD PRT ASSO
889327752

$96
$96

       
AT T BROADBAND
Collection services
(9P)Payment after charge off/collection
Paid collection
7/1/2002
1/1/2003

04326001/CRD PRT ASSO
728157819
1/1/2003

$53
$0
F

 

Name of the creditor
Type of service
Status of the account
Notes on the account
Date the account was reported
Last verified date on the account

Member number associated with the account
Account number for the account
Date the account was closed

Original amount that is owed
Current balance as of the verified date
Verifies that the account has been closed

PUBLIC RECORDS
tenant screening
 

7. If there are any civil actions with dollar amounts awarded, they will appear below the score summary in a field named Public Records. Public Records information consists of bankruptcies, liens, and civil actions against a consumer. This information will include; the reporting account’s name and number, original filing date with court, status date if status is satisfied, released, vacated, discharged or dismissed, amount and type of public record, certificate or docket number, and code describing the consumer’s association to the public record item per the Equal Credit Opportunity Act. Also provided is the plaintiff name; liability and asset amounts for bankruptcies only, voluntary indicator for bankruptcies only.

Chapter 7 bankruptcy discharged
Federal District
9905381
Miscellaneous and public record
7/1/1999
11/1/1999
Individual account

05079095


$0
$0

Civil judgement

99M1703591
Miscellaneous and public record

2/1/1999

Individual account

05027325
DOE JOHN X

$1,975

Paid civil judgement
Municipal Court
2C02730
Miscellaneous and public record
10/1/2002
3/1/2003
Individual account

0508720V
JANE DOE

$3,300

 

Type of the record
Type of court
Docket number associated with record
Type of disposition
Date the record was reported
Date the record was paid
Type of account

Member number associated with record
Name of the plaintiff
Name of the attorney

Total amount that is owed
Amount of assets
Amount for liability

 

 

TRADE LINES
tenant screening 

8. Under the trade lines portion of the credit report, creditors report the amount of loans and credit cards with payment histories. The name of the creditor is in the left column, the credit amount information in the center column, and the payment history is in the right column.

HHLD BANK/07991188
0293592399
Revolving account

(09)Charged off as bad debt

Purchased by another lender

12/1/1999
5/1/2001
Banks and S&Ls

$400
$1,148

$0
$0



4/1/2000

Account was closed because of charge-off or repossession



Joint account


PEOPLES ENGY/026JX001
7500028283747
Open account

(9B)Collection account

Canceled by credit grantor


3/1/2002
4/1/2003
Utilities and fuel



$382


$382
$377




10/1/2002

Account was closed because of charge-off or repossession


Individual account





CAPITAL 1 BK/01DTV001
517805218329
Revolving account

(05)120 days past due


4/1/2002
1/1/2003
Banks and S&Ls



$697


$739
$114


$22
9

554321111

MIN

Authorized account


1


1


3

Name of the company

Date the account was opened

Most amount the consumer can owe

Currently still owes

Minimum monthly payment

Number of times 30 days late

Number of times 60 days late

Number of times 90+ days late

Account number with the company

Date the account was last reported

Most amount the consumer has owed

Amount that is past due

Number of months repaid

Payment pattern (Left being the most current)

Type of account

Kind of business of the company

Amount that was charged off

Original amount owed

Date the account was closed

Payment terms made with the company

Status of the account

Reason the account was closed
Users on the account

Notes about the account


PAYMENT HISTORY
tenent
 

9. On the far right hand side of the report is the consumer payment history for the past 24 months. These codes reflect the monthly status of an account and are displayed for balance reporting loans. Collections and charge-offs are not graded. These codes stand for:

0  Current account/zero balance-reported on update tape
1 Current
2  30 days past the due date
3  60 days past the due date
 4  90 days past the due date
5  120 days past the due date
6  150 days past the due date
7  180 days past the due date
9  Collection
B  Account condition change, payment code not applicable
X  No history reported for that month


INQUIRIES
tenant
 

10. This portion of the report is named inquiries. This is a list of companies that have inquired about the applicant’s credit, usually for the purpose of extending new or additional credit. Numerous inquiries lower the applicant’s summary score by about two points per inquiry.

7/17/2003 NCO GRP 03899329
6/17/2003 FNB OF MARIN 02200488
4/23/2002 1ST PREMIER 00020123
3/13/2002 SURPAS CORP 00000001
1/10/2002 1ST PREMIER 00020123

 

Date the report was obtained Name of the company that inquired upon the report Company’s subscriber number

WARNING MESSAGES
credit check
 

11. The last portion of the report is called warning messages. This is a list of messages that have to do about the applicant’s credit, social security number, name, and/or address.

(OFAC)1-Requested product delivered / H01

(OFAC)4-Default product delivered /

Credit data not suppressed

Current Address ALERT (house number mismatch): Mismatch – input does not match file

Surname ALERT: Mismatch – input does not match file

 

The first three messages means you have received all the products that was provided.
Address mismatch means the address provided by your applicant is not on file with the credit bureaus.
Surname mismatch means the last name of the applicant is not on file with the credit bureaus.

 

12. Remember, if you have any questions or need assistance, please call us 626 798-6670. Our customer service is available 6AM to 6PM Monday through Friday and 9AM to 2PM Saturdays PST.


13. The Three Credit Reporting Agencies are;

EQUIFAX, CONSUMER ASSISTANCE, P.O. Box 740241, Atlanta, GA 30374-0241 Telephone (800)685-1111;
EXPERIAN, CONSUMER ASSISTANCE, P.O. Box 2002, Allen, TX 75013-0036 Telephone (888)397-3742; and
TRANS UNION CORP, CUSTOMER RELATIONS, 2 Baldwin Pl., P.O. Box 1000, Chester, PA 19022 Telephone (800) 888-4213.

 

Good Luck with your applicants.

credit report tutorialCLICK HERE FOR MORE INFORMATION ON TENANT SCREENING

Landlord Help – Tenant Eviction Process

A landlord can’t begin an eviction lawsuit without first legally terminating the tenancy. This means giving the tenant written notice, as specified in the state’s termination statute. If the tenant doesn’t move (or reform — for example, by paying the rent or finding a new home for the dog), you can then file a lawsuit to evict.

State laws set out very detailed requirements to end a tenancy. Different types of termination notices are required for different types of situations, and each state has its own procedures as to how termination notices and eviction papers must be written and delivered (“served”).

Although terminology varies somewhat from state to state, there are basically three types of termination notices for tenancies that landlords terminate due to tenant misbehavior:

  • Pay Rent or Quit Notices are typically used when the tenant has not paid the rent. They give the tenant a few days (three to five in most states) to pay the rent or move out (“quit”).
  • Cure or Quit Notices are typically given after a tenant violates a term or condition of the lease or rental agreement, such as a no-pets clause or the requirement to refrain from making excessive noise. Usually, the tenant has a set amount of time in which to correct, or “cure,” the violation. A tenant who fails to do so must move or face the possibility of an eviction lawsuit.
  • Unconditional Quit Notices are the harshest of all. They order the tenant to vacate the premises with no chance to pay the rent or correct a lease or rental agreement violation. In most states, unconditional quit notices are allowed only when the tenant has:
    • repeatedly violated a significant lease or rental agreement clause
    • been late with the rent on more than one occasion
    • seriously damaged the premises, or
    • engaged in serious illegal activity, such as drug dealing on the premises.

However, in some states, landlords may use Unconditional Quit Notices for transgressions that would require Pay or Quit Notices or Cure or Quit Notices in other, more tenant-friendly states. In these strict states, landlords may extend second chances if they wish, but no law requires them to do so.

Even after receiving notice, some tenants won’t leave or fix the lease or rental agreement violation. If you still want the tenant to leave, you must begin an unlawful detainer lawsuit by properly serving the tenant with a summons and complaint for eviction.

Notice for Termination Without Cause

Landlords may usually use a 30-Day or 60-Day Notice to Vacate to end a month-to-month tenancy when the tenant has not done anything wrong. Many rent control cities, however, do not allow this; they require the landlord to prove a legally recognized reason for eviction (“just cause”) of tenants.

Tenant Defenses

If the tenant decides to mount a defense, it may add weeks — even months — to the process. A tenant can point to mistakes in the notice or the eviction complaint, or improper service (delivery) of either, in an attempt to delay or dismiss the case. The way that you have conducted business with the tenant may also affect the outcome: If your rental unit is uninhabitable or the tenant thinks you are retaliating, this may excuse or shift attention away from the tenant’s wrongdoing and diminish your chances of victory.

Removal of the Tenant

If you win the Eviction (unlawful detainer lawsuit), you will get a judgment for possession of the property and/or for unpaid rent. But you can’t just move the tenant and his things out onto the sidewalk — trying to remove a tenant yourself can cause a lot of trouble.

Typically, you must give the court judgment to a local law enforcement officer (sheriff or marshal), along with a fee that is charged to the tenant as part of your costs to bring suit. The sheriff or marshal gives the tenant a notice that the officer will be back within a number of days to physically remove the tenant if he isn’t gone by then.

Rationale for the Rules

Landlords often chafe at the detailed rules that they must follow. There is a reason, however, why most states have insisted on strict compliance. First of all, an eviction case is, relatively speaking, a very fast legal procedure. (How many other civil cases are over and done with after a few weeks?) The price to pay for this streamlined treatment is unwavering adherence to the rules.

Second, what’s at stake here — a tenant’s home — is arguably more important than a civil case concerning money or business. Consequently, legislators have been extra careful to see to it that the tenant gets adequate notice and an opportunity to respond.

For more information on the tenant eviction process or other landlord help see Accurate Credit Bureau

Fair Credit Reporting Act does not prohibit renting to tenants political affilation

Driving Records Online – Accurate Credit Bureau

Get fast and accurate driving records online from Accurate Credit Bureau!