Credit Repair Tips for People Interested in Section 8 Housing
DOES GOOD CREDIT MATTER WHEN APPLYING FOR SECTION 8?
Housing Authorities do NOT check your credit history when you apply for Section 8 housing.
However, people who have bad credit may run into issues AFTER they’re approved for a Housing Choice Voucher (HCV) and become eligible to look for housing.
The U.S. Department of Housing and Urban Development (HUD) allows landlords to screen Section 8 tenants in the same way unsubsidized renters are screened.
When undergoing the screening process, you may have your credit and/or background checked. Landlords do this to see if you’re up-to-date with your bills, check for criminal history, etc.
Landlords are within their rights to reject your rent application based on the information contained in your credit report.
REVIEW YOUR CREDIT REPORT
Now that you know that having a good credit is a good idea when you’ll be looking for apartments that accept Section 8 Housing Choice Vouchers, let’s talk about the steps you can take in case you currently have bad credit.
First things first, if you don’t have a Credit Report and Score ready, you can obtain one from an AUTHORIZED provider.
We recommend getting your Credit Report and Score from Credit Sesame. They are a well established and trusted brand, and best of all, getting a Credit Score with Credit Sesame is 100% FREE!
Alternatively, you can also get your report for FREE from AnnualCreditReport.com, but please be advised that you will NOT see your Credit Score which is a crucial piece of information when trying to get your credit in order.
ANALYZE YOUR CREDIT REPORT
Now that you have your Credit Report and Score ready, it’s time to dig in and understand what everything you see on it means.
Pinpoint which items are lowering your Credit Score by using the free analyzer provided by Credit Sesame.
After you review the information contained in your Credit Report, print it out and underline all the negative listings together with what computer analysis showed.
RANK ITEMS THAT ARE NEGATIVE
After you wrote down a list of all the negative items, take each item and rank it according to the amount of damage it’s causing to your Credit Score overall.
Start with the most damaging item first, follow by the second most damaging item, etc, etc.
Rank the negative items for each report, because you should be aware that they don’t necessarily all have the same information in them. Some of them might even have information that’s duplicate on them. If you are experiencing this situation, you should write to each credit bureau separately for each such item.
Below is a list of items that are considered the “most damaging” to “least damaging” (in that order) to your credit:
4. Loan Default
5. Court Judgments
7. Past due payments
8. Late Payments
9. Credit Rejections
10. Credit Inquiries
IMPORTANT: If your creditor recently placed negative information on your credit report but did NOT notify you of that, they are violating the Fair Credit Reporting Act. Tell them that because they did not notify you, they are violating the FCRA and use this to pressure the original creditor into removing the negative listing!
MAIL CREDIT BUREAUS YOUR DISPUTE LETTERS
You might be asking yourself “What should I challenge”? And our answer is – EVERYTHING! Always try to get a complete removal. In your first dispute letter, don’t challenge the information related to a court record, charge-off, collection listing, settled account, foreclosure, or repossession. Dispute this information in your subsequent dispute letters. Whenever possible, start off the reason for your first dispute on a negative item as “not mine” – for more information on what that means, click here.
Because it is easy to verify them through e-Oscar, the following negative items are the toughest to remove from your credit report:
– Child Support
As far as bankruptcy is concerned, you will probably have a few lines that will say something along the lines of “included in bankruptcy”. Clear off all credit lines that say “BK” first if you want to dispute your bankruptcy!
CREDIT REPAIR SERVICES
If trying to repair your own credit seems too time-consuming and overwhelming for you, there are companies out there that provide Credit Repair Services.
One of the best known Credit Repair companies is Lexington Law.
Since being founded in 1991, Lexington Law Firm has helped thousands of clients remove millions of unfair negative items, including:
– LATE PAYMENTS
– CHARGE OFFS
In 2017 alone, they had over 10+ million removals!
Its not too late to get your credit in order.
If you have less than perfect credit, taking proactive steps to fix it is something you should definitely consider doing.
Remember, landlords are within their rights to reject your rent application based on the information contained in your credit report, so by taking steps to fix your credit now, you can avoid a lot of headaches in the future!
And finally, if you’re interested in more extensive credit repair tips and information, please click here