Here’s Why Checking Your Credit History (and Score) is a Good Idea When Applying for Section 8
SECTION-8 & LANDLORDS
If your Sec 8 Housing Choice Voucher application is approved, you will deal with private market landlords when looking for housing. Because of this HUD allows landlords to screen prospective tenants.
A screening process is often exactly the same as the one unsubsidized renters go through when applying for housing.
By undergoing the screening process, you may have your credit and/or background checked. Landlords do this to check for criminal history, as well as to see if you’re up-to-date with your bills, etc. If you will be able to provide your most recent credit report without any major issues in it, this can definitely help you to avoid uncomfortable questions, as well go through the screening process much faster.
Its no secret that landlords love tenants who have a good credit history.
Although there is no required minimum credit score number to be approved for the Housing Choice Voucher itself, landlords on the other hand are an entirely different matter.
They are within their rights to allow or refuse rent to you based on the information contained in your credit check!
This information may include but is not limited to how much outstanding debt you currently have, or whether you’re making your payments on time.
We highly recommend that you obtain your most recent Credit Report and Score to make sure that there are no errors, etc. The absolute last thing you want is a “surprise” in your credit report, that brought your credit score down, if you’re approved for Sec 8 housing, get issued a voucher, and become eligible to start your housing search.
Avoid potentially devastating “surprises” and check your Credit Report and Score ASAP.
Don’t forget that checking your own Credit does NOT affect your Credit Score.
DON’T DAMAGE YOUR CREDIT BY GETTING EVICTED
After the verification process is complete, the tenant’s Sec 8 application is approved, and the property passes proper HUD inspection, the tenant and the landlord can sign a lease agreement for 1-year. The tenant is responsible to pay his share of the rent amount just like he would in any other rental agreement.
The landlord has a right to evict the tenant should he fail to pay, and the tenant can have his benefits revoked.
If the tenant fails to pay and the case ends up in court, and the landlord wins the case, the judgment can show up in a tenant’s future credit report and cause a substantial amount of damage to the tenant’s credit!
It’s always a good idea to pay rent on time, all the time.