Eviction information is not shown on credit reports, instead, eviction information can be found in a separate rental history report. These rental reports can be obtained through tenant screening companies. How then would an eviction cause your credit score to drop? Read on as we set it all out for you here under.
Your credit score won’t be directly impacted if you have been evicted as this information would not appear on your credit report, at least not as an “eviction”. Technically this would mean an eviction causes a 0 point drop to your score, however, this is not the case.
There are various negative remarks and listings that can be associated, or caused by an eviction. Therefore, even if the eviction doesn’t cause a direct drop to your credit score, it is possible that it could still indirectly impact it.
Your credit report could reflect one or more of the following potential negative listings due to an eviction, such as:
The leasing office that notified you of the eviction should be able to give you the name and contact information of the tenant screening company that reported the information.
You can contact the tenant screening company to find out how to dispute the information in their file. Disputing collections or missed payments will be a different process, generally requiring swift action as the negative consequences can remain on your credit report for up to 7 years.
Credit reports don’t reflect eviction information and will only include negative items that result from an eviction. The negative consequences of an eviction can be avoided with proper credit management and financial planning. Consult Credit Sage, our credit repair specialists are ready to help you start your journey to prime credit status now!
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