How Does Eviction Affect Your Credit Score?
An eviction can be both emotionally and financially taxing for a tenant; however, if you are worried about it affecting your credit score, rest assured that it won’t directly show up on your credit report – but related information will.
How does eviction affect your credit score then? In simple terms, collection amounts, unpaid rent/fees, and any other property damage charges show up on your credit report.
Additionally, landlords can access your credit report while carrying out a background check – as such, you need to be careful that you have cleared all your past dues.
Remember, a landlord cannot evict you without any valid reason as there are certain laws and regulations laid down by the government that need to be strictly followed.
Also, the Public Records Section will have the lawsuit filed against you by the previous landlord. This is usually the case when you don’t vacate, despite receiving an initial notice.
In short, eviction and credit score go hand in hand as these charges can seriously hurt your credibility as a tenant and hamper your ability to rent out a good property again.
How Long Does An Eviction Stay On Your Record?
As per law, an eviction report stays on your rental history for around seven years and is typically provided by tenant screening companies.
Collection accounts are reported from the original delinquency date, which is when you first delayed your payment till the current collection status.
Not All Evictions Are Reported In The First Place
You need to be well-informed about your eviction credit score and how long it can actually stay on your record. As mentioned, it is not the eviction notice itself, but usually related charges such as a breach of a contract that ends up undermining your rental history.
Clearing out any dues and sorting out the matter with your landlord can definitely help ensure that no unwarranted charges are filed against you.
Can An Eviction Be Removed From Credit Score?
Unfortunately, there is no legal way to get an eviction off your record for at least seven years. After the prescribed period though, any judgments against you should be automatically removed from public record.
If that’s not the case, here’s what you can do:
- Ask the credit bureau, in writing, to remove all eviction-related records or collection agency accounts. Keep in mind though that if the reference to eviction is truthful, even clearing off the debt cannot get it off your credit history.
- You can file a petition in court where the original lawsuit against you was filed and have the record expunged – this will require you to pay a filing fee. Just be sure to clear any outstanding dues or balance before you file the petition.
This is it – your answer to ‘How long an eviction stays on your record’.
Remember, your credit score is a reflection of your past dealings and you need to take certain measures to ensure that it stays positive and only improves over time. You wouldn’t want to risk future opportunities to rent out, would you?
Bennet Movers is one of the most trusted names in the industry – with 25 years of experience, we’ve helped numerous clients in New York by making eviction and moving a simple and easy process.
Our team of experts is always up-to-date with the latest laws and regulations to make your eviction process smooth and hassle-free. To request a free quote and get started, call us today.