Quote:
Originally Posted by KC911
G, I hear what your saying, but I've never concerned myself with the actual score. IMO, do all the right things, and the number will take care of itself (like a lot of things in life)...it "is what it is" for a reason. In my case, back when I carried a mortgage..."credit score" score wouldn't have made a difference, and I've never heard of a LL using "credit scores", but that's just me. I do check credit reports for my tennants, but don't give a rip about their "scores" per se. Maybe it's different in CA, I dunno...
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I should have been more clear. My main concern with my credit is identity theft. I check it on a regular basis to make sure nothing funny is going on. I do not pay to get a score, just check the entries. You are correct, if you just do what's considered normal and conservative in terms of your finances, you can't have a bad score. No matter what people tell you about having to take out loans to build your score. A credit card and a mortgage will suffice.
As far as a tenant goes, you can certainly go by a score. If it is 800 or more, it will be a no stories financial history. If you get into lower scores, you may want to check what the issue is and decide if it has an influence on how you project the tenant will be paying their rent.
G