how do I report tenant debt to credit bureau?
I have a judgment from a Michigan court. The tenant is suppose to make monthly payments and missed last month. How do I make sure the judgment is on the former tenants credit report? Should I report the full judgment?
July 9th, 2010 at 8:02 pm
First off, generally, court judgments are picked up by the credit bureaus, so it may already be on there as long as you recorded the judgment.
Otherwise, you can report the debt here:
https://www.aoausa.com/SECURE/mrLdebtreportingservice.asp
There is a fee, but for the cost, which is low, it is an effective service.
July 9th, 2010 at 8:41 pm
Melisa is incorrect. You actually have to have a contract with the credit bureaus…these are usually too expensive for individuals to get on a case by case basis unless you are running a fairly decent sized small business.
Credit bureaus will not accept a “report” from any Joe Blow on the street just because they fill out a form.
Technically, you may not have to. Most courts report to the credit bureaus if there is a judgment (which is different from collections)…check to see if yours does.
July 9th, 2010 at 9:53 pm
You need to get a form from the credit bureaus to fill out to report the non-payment. It will be pretty self explanatory, but you will list the total judgement amount, and then also the amount the is behind right now.