No Credit Score
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No Credit Score (by Coleen [MD]) May 31, 2018 2:22 AM
       No Credit Score (by Vee [OH]) May 31, 2018 4:01 AM
       No Credit Score (by Coleen [MD]) May 31, 2018 4:22 AM
       No Credit Score (by Doogie [KS]) May 31, 2018 4:39 AM
       No Credit Score (by S i d [MO]) May 31, 2018 4:44 AM
       No Credit Score (by RB [MI]) May 31, 2018 5:09 AM
       No Credit Score (by Coleen [MD]) May 31, 2018 5:15 AM
       No Credit Score (by J [FL]) May 31, 2018 5:44 AM
       No Credit Score (by RathdrumGal [ID]) May 31, 2018 5:56 AM
       No Credit Score (by Jim in O C [CA]) May 31, 2018 5:56 AM
       No Credit Score (by AllyM [NJ]) May 31, 2018 6:28 AM
       No Credit Score (by Jeff [CO]) May 31, 2018 7:15 AM
       No Credit Score (by John... [MI]) May 31, 2018 7:53 AM
       No Credit Score (by Jeff [CO]) May 31, 2018 7:57 AM
       No Credit Score (by JB [OR]) May 31, 2018 9:14 AM
       No Credit Score (by plenty [MO]) May 31, 2018 10:15 AM
       No Credit Score (by John... [MI]) May 31, 2018 11:50 AM
       No Credit Score (by Vee [OH]) May 31, 2018 1:36 PM
       No Credit Score (by Oregon Woodsmoke [ID]) May 31, 2018 9:45 PM
       No Credit Score (by Jeff [CO]) Jun 1, 2018 5:57 AM
       No Credit Score (by Coleen [MD]) Jun 1, 2018 10:40 AM
       No Credit Score (by Coleen [MD]) Jun 1, 2018 10:40 AM
       No Credit Score (by Coleen [MD]) Jun 1, 2018 10:40 AM
       No Credit Score (by Coleen [MD]) Jun 1, 2018 10:40 AM
       No Credit Score (by cjo'h [CT]) Jun 1, 2018 2:59 PM
       No Credit Score (by Pmh [TX]) Jun 1, 2018 3:17 PM
       No Credit Score (by cjo'h [CT]) Jun 1, 2018 4:28 PM
       No Credit Score (by cjo'h [CT]) Jun 1, 2018 5:02 PM
       No Credit Score (by J [FL]) Jun 1, 2018 7:07 PM
       No Credit Score (by mike [CA]) Jun 6, 2018 6:37 PM
       No Credit Score (by JB [OR]) Jun 6, 2018 6:56 PM
       No Credit Score (by Pmh [TX]) Jun 7, 2018 4:35 PM
       No Credit Score (by Pmh [TX]) Jun 7, 2018 4:41 PM
       No Credit Score (by mike [CA]) Jun 10, 2018 3:49 PM


No Credit Score (by Coleen [MD]) Posted on: May 31, 2018 2:22 AM
Message:

--173.79.xx.xxx




No Credit Score (by Vee [OH]) Posted on: May 31, 2018 4:01 AM
Message:

Sounds like faulty application, I give a second chance and then the form sits on hold in the drawer, I have a 2 drawer file cabinet now really full of incomplete applications since re-opening in 2002. I should sift out the oldest ones before autumn. --76.188.xxx.xx




No Credit Score (by Coleen [MD]) Posted on: May 31, 2018 4:22 AM
Message:

We have a prospective tenant has "no score" for credit per TransUnion. Has anyone experience this and the outcome?

Apparently, he doesn't have any debt. The credit report shows that he has credit card(s) and I assumes they are paid off entire monthly. The wife has relatively good score 709 and no debt.

From credit report, both have many same past residence addresses. The report doesn't provide timeline. I will ask the applicant about this. On the application, one address is listed since 9 years ago (2009) but we asked to provide past 5 years residence(s).

Is this a concern?

On the husband monthly pay stubs, there is no reduction for tax or other items. There is a reference "bill." He has been there for 11 yrs per application. It may be he is a contractor and pay tax on his own? I will ask them about this as well as calling the company. Should this be a concern?

Thanks in advance for your experience and inputs.

--173.79.xx.xxx




No Credit Score (by Doogie [KS]) Posted on: May 31, 2018 4:39 AM
Message:

If you listen to Dave Ramsey at all, no credit score is a good thing. It means you have no debt and you pay cash for everything. I don't think he's paying his credit cards off every month, otherwise he would have a credit score. He's simply not using them. I wouldn't totally discount this application. 11 years at the same address and good reference from the landlord would mean same as good credit score to me. --98.175.xxx.xxx




No Credit Score (by S i d [MO]) Posted on: May 31, 2018 4:44 AM
Message:

Ask yourself this question: would you rather have someone who has A) a credit score or B) no debt and therefore no one else is chasing them for money.

--173.19.x.xxx




No Credit Score (by RB [MI]) Posted on: May 31, 2018 5:09 AM
Message:

Screen x3. (Effort)

The Train is on the "Right Track" and moving Forward. --47.35.xx.xx




No Credit Score (by Coleen [MD]) Posted on: May 31, 2018 5:15 AM
Message:

Thanks all! --173.79.xx.xxx




No Credit Score (by J [FL]) Posted on: May 31, 2018 5:44 AM
Message:

He might be on a 1099, but 11 years seems like a long time to stay somewhere as a contractor, but if the money and the situation is good some people in certain industries will do it. You're in Maryland so maybe he is a contractor for some kind of government or defense work?

I'd be more concerned about verifying whether the employment is real than on whether his taxes are deducted from check -- that isn't really your concern.

--72.188.xxx.xxx




No Credit Score (by RathdrumGal [ID]) Posted on: May 31, 2018 5:56 AM
Message:

I would be afraid it is a fake pay stub. Google his employer's number and address, (never use the number they provide) and call to verify employment. --98.146.xxx.xxx




No Credit Score (by Jim in O C [CA]) Posted on: May 31, 2018 5:56 AM
Message:

New to the witness protection program or just released from prison after serving 40 to life. --75.22.xx.xx




No Credit Score (by AllyM [NJ]) Posted on: May 31, 2018 6:28 AM
Message:

My dear sainted mother had no credit score for years. Paid cash for everything. If they are young then it's OK but I would be concerned about a middle age person at this time in our society. --73.178.xxx.xx




No Credit Score (by Jeff [CO]) Posted on: May 31, 2018 7:15 AM
Message:

It raises flags with me. I just ran into this yesterday. I told the prospect that she well need a higher security deposit. I will return some of the extra if she pays on time for 9 months. --76.120.xx.xx




No Credit Score (by John... [MI]) Posted on: May 31, 2018 7:53 AM
Message:

It likely wouldn't bother me when the other person has a decent score and everything else seems to make sense. (Also, I wouldn't put much in dates of previous residences not lining up exactly between what they said and what the report says -- those on the report are often just guesses basically. Mine shows two addresses that I never even lived at for various reasons.)

Jeff: Just curious -- did you provide her with the required Adverse Action letter? :)

- John...

--24.180.xxx.xxx




No Credit Score (by Jeff [CO]) Posted on: May 31, 2018 7:57 AM
Message:

John, a decent score? This is about NO credit score.

--76.120.xx.xx




No Credit Score (by JB [OR]) Posted on: May 31, 2018 9:14 AM
Message:

This may be one of those where you ask for a couple years' worth of tax returns plus a higher deposit. But if they check out, they might be golden. --50.45.xxx.xxx




No Credit Score (by plenty [MO]) Posted on: May 31, 2018 10:15 AM
Message:

Ask for two months bank statements.

Verify the pay stub seems odd. --99.203.xx.xxx




No Credit Score (by John... [MI]) Posted on: May 31, 2018 11:50 AM
Message:

Jeff: Go read what I said again. I said that it wouldn't bother me because the OTHER person had a "decent score." This is a husband and wife applying. The husband has no score. The wife has a "709 and no debt" -- which is a decent score.

So, no, this isn't about just a "no credit score." It is about a couple where ONE has no credit score and the other has decent credit.

- John...

--24.180.xxx.xxx




No Credit Score (by Vee [OH]) Posted on: May 31, 2018 1:36 PM
Message:

I have had no debt in 23 years and my score is around 430 cause no activity, seems like a number is jumbled. --76.188.xxx.xx




No Credit Score (by Oregon Woodsmoke [ID]) Posted on: May 31, 2018 9:45 PM
Message:

I've rented a couple of times to people who came back insufficient information to determine a credit score. I can't remember which tenants, but I would have remembered if they had caused me trouble.

The rest of their screening was good so: fine with me if they never borrow money from anyone. --174.216.x.xx




No Credit Score (by Jeff [CO]) Posted on: Jun 1, 2018 5:57 AM
Message:

To many creditors, if you have zero credit and you're 25 or older, that doesn't reflect well on your money management skills.

To pay for everything in cash in 1960 might have been great. Today? Not so much. --76.120.xx.xx




No Credit Score (by Coleen [MD]) Posted on: Jun 1, 2018 10:40 AM
Message:

Same applicants ...

stated current renting for 9 yrs. However, property manager has record that they were there for 2.5 yrs. I didn't share how long they stated on application.

Also, credit reports have them in the same complex diff unit in the past along with 5+ other addresses (relatives) in between.

Property manager is happy with them, good comments, as tenants and sorry that they would go.

So they are good standing but not quite honest for what's the purpose? I plan to ask the applicants for explanation. I would like your advice before doing so. Thanks.

--173.79.xx.xxx




No Credit Score (by Coleen [MD]) Posted on: Jun 1, 2018 10:40 AM
Message:

Same applicants ...

stated current renting for 9 yrs. However, property manager has record that they were there for 2.5 yrs. I didn't share how long they stated on application.

Also, credit reports have them in the same complex diff unit in the past along with 5+ other addresses (relatives) in between.

Property manager is happy with them, good comments, as tenants and sorry that they would go.

So they are good standing but not quite honest for what's the purpose? I plan to ask the applicants for explanation. I would like your advice before doing so. Thanks.

--173.79.xx.xxx




No Credit Score (by Coleen [MD]) Posted on: Jun 1, 2018 10:40 AM
Message:

Same applicants ...

stated current renting for 9 yrs. However, property manager has record that they were there for 2.5 yrs. I didn't share how long they stated on application.

Also, credit reports have them in the same complex diff unit in the past along with 5+ other addresses (relatives) in between.

Property manager is happy with them, good comments, as tenants and sorry that they would go.

So they are good standing but not quite honest for what's the purpose? I plan to ask the applicants for explanation. I would like your advice before doing so. Thanks.

--173.79.xx.xxx




No Credit Score (by Coleen [MD]) Posted on: Jun 1, 2018 10:40 AM
Message:

Same applicants ...

stated current renting for 9 yrs. However, property manager has record that they were there for 2.5 yrs. I didn't share how long they stated on application.

Also, credit reports have them in the same complex diff unit in the past along with 5+ other addresses (relatives) in between.

Property manager is happy with them, good comments, as tenants and sorry that they would go.

So they are good standing but not quite honest for what's the purpose? I plan to ask the applicants for explanation. I would like your advice before doing so. Thanks.

--173.79.xx.xxx




No Credit Score (by cjo'h [CT]) Posted on: Jun 1, 2018 2:59 PM
Message:

Coleen,Cead mile Failte Riv.When I first immigrated here I didn't have a credit score either,in fact they didn't even know I existed.When I bought my first house and looked for a mortgage,the poor Bank President had to trudge up to the third floor to tell us we were approved.We didn't have a phone,couldn't afford one...................charlie.......still can't.............................even a hot dog is hard to come by.......................................... --174.199.xx.xxx




No Credit Score (by Pmh [TX]) Posted on: Jun 1, 2018 3:17 PM
Message:

Ramsey is totally incorrect. without a score no lender or LL...can determine how well a person manages credit. without credit your options in life are very restricted...Ramsey didnít handle debt well in his past so he espouses cash. most of use donít have millions set aside for cash purchases but we do have good credit to leverage. I bet everyone who posts on this board who is a Ramsey disciple did not pay their bills in the past as they promised....and I will win... --104.218.xxx.xx




No Credit Score (by cjo'h [CT]) Posted on: Jun 1, 2018 4:28 PM
Message:

Pmh,remember when you first came here,Worked with Harry Ramsey ,top notch carpenter,don't know much about Dave,I suppose he could be taught,...................charlie.............................................. --174.199.xx.xxx




No Credit Score (by cjo'h [CT]) Posted on: Jun 1, 2018 5:02 PM
Message:

Coleen, read Anns response to your other post,never thought of that........charlie................................ .................. --174.199.xx.xxx




No Credit Score (by J [FL]) Posted on: Jun 1, 2018 7:07 PM
Message:

It doesn't sound like they're on the Ramsey program since the wife is utilizing debt. Dave is very firm on no debt and on both spouses being on board with the program. --72.188.xxx.xxx




No Credit Score (by mike [CA]) Posted on: Jun 6, 2018 6:37 PM
Message:

no score, no rental for you

ignore dave ramsey...he would have us all wait to buy stuff and we'd be broke like the dopes that follow his simpleton advice. i got $100.00 says the most successful of this board use debt to their benefit and are wealthier for it.

--76.176.xxx.xxx




No Credit Score (by JB [OR]) Posted on: Jun 6, 2018 6:56 PM
Message:

I'm betting Ramsey is richer than you Mike. --50.45.xxx.xxx




No Credit Score (by Pmh [TX]) Posted on: Jun 7, 2018 4:35 PM
Message:

Iím betting JB that Ramsey has welched on his loans and now exposes a come to jesus philosophy...google him & tell me am wrong...the only reason he may have more $ than me is bc he is a better shill than me.... --97.94.xxx.xx




No Credit Score (by Pmh [TX]) Posted on: Jun 7, 2018 4:41 PM
Message:

I borrow at 3.75 and get cash on cash 30%....only those who donít pay their bills seek jesus as their savior...iím with mike ...pay up....is a win win. lenders seek steady & safe returns and I give them that in return for use of their $.... --97.94.xxx.xx




No Credit Score (by mike [CA]) Posted on: Jun 10, 2018 3:49 PM
Message:

JB [OR], i am sure ramsey is FAR richer than me...he works way more and takes way more from many who send him checks for his facile advice. here it is for free...spend less than you earn. delay gratification. don't borrow for stuff that does not earn you money. that's where he and i part ways. that said, you missed my point. proper and wise use of borrowed money makes us rich because we do it the smart way. i loan hard money...to other smart users who know that properly managed debt is a useful tool. my money goes ONLY to flippers that know that they can earn more faster with my cash than if they relied on their own earnings and returns.

Pmh TX...you and i are peas in a pod. --76.176.xxx.xxx





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