Anyone Report Timely Payment to Credit Bureau - Posted by LisaK

Real Estate Investing
1

Posted by Mark-NC on April 18, 2001 at 17:59:14:

Lisa,
You can do this but it will cost you. I don’t know what the fee is but I believe it is heafty enough to make it not worth your while unless you are reporting several of them.

The absolute best thing you can do is document their payments, make copies and keep them in your records to show the lender when you are looking to refi. Also as soon as you get a client have your mortgage broker pull their credit and give them a plan to improve their credit before it comes time to refi.

Good luck!

Mark

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Anyone Report Timely Payment to Credit Bureau - Posted by LisaK

Posted by LisaK on April 18, 2001 at 16:38:55:

I’ve been thinking about reporting my buyers timely payments to the credit bureau. This will help increase their credit scores so they can refinance me out sooner. Anyone doing this? What service do you report through? Have you found it successful?

Thanks in advance.