If your tenant moved out of your rental unit and owes you money, use the hammer the best collection agencies use. Report the debt your tenant owes to Experian, Equifax, and TransUnion. Collection agencies report debt to the credit bureaus to motivate the previous tenant to pay the money they owe. Reporting debt to the credit bureaus help collection agencies collect debt.
Your tenant may owe you money for past rent, damages, legal fees, etc. High unemployment in Tampa is causing more tenants to leave their rental unit owing the landlord high sums of money. Once your previous tenant gets back on his or her feet, they will work to improve their credit rating. If the money they owe you is not reported on their credit report, you most likely will not get paid.
This credit bureau reporting service, reports to all three major credit bureaus, those previous tenants who left your rental property owing a balance. The tenant debt is reported to Experian, Equifax and TransUnion for up seven years, and will remain on their credit report unless the debt is finally paid off or the landlord closes the account.
Seven years is a long time for your previous tenant to live with the mark on their credit report, because of the balance he or she owes you. Every time your previous tenant applies for credit to find another place to rent, obtain a mortgage, buy a car or any other type of credit, they will have to explain why they owe their previous landlord money.
Your tenant in Tampa most likely has found another place to rent for now, but he or she will not live there forever. Eventually the tenant will apply to another landlord for a rental. When that landlord orders a credit report for the tenant, the money you are owed will be front and center for the new landlord to see. Many landlords refuse to rent to a tenant, who owes another landlord money.
This service is available online, is easy to use and is very affordable. For less than the price of lunch, you will greatly increase your chances of collecting the debt you are owed, by reporting the debt to the credit bureaus -- just as any other creditor would do.
Most likely you are not the only one your tenant owes in Tampa. The previous tenant probably owes other bills such as utility companies, credit cards, and cell phone companies. These other creditors will all report the debts they are owed to the credit bureaus to get their money. You should use the same tools to collect the money your tenant owes.
Begin reporting tenants who owe you money to the credit bureaus now.
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