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debranewell2008



Joined: 10 Oct 2009
debranewell2008's page
Posts: 594



99 Magic Points
Subject: question
 
 Posted on Sun Dec 06, 2009 5:37 pm  
If you have rental property how can you get the income from that to show up on your credit report and it included in your debt to income ratio?
Doc

Doc

Joined: 02 Dec 2008
Doc's page
Posts: 184
Location: McKinney, TX


1127 Magic Points
 
 Posted on Mon Dec 07, 2009 1:42 am  
No income information is not included on a consumer credit report.

Debt to income ratio (DTI) is calculated on the loan application, not by the credit bureau.
_________________
-Doc Compton, Omega Credit Repair
I provide info for free, & all I ask is that you visit my site... I don't wanna sell you anything, I just wanna increase my traffic, and push my site up in the search engine rankings...
http://www.omegacreditrepair.com
Justin

Justin

Joined: 17 Jul 2006
Justin's page
Posts: 1240



28942 Magic Points
 
 Posted on Mon Dec 07, 2009 5:48 am  
Hi Debra,

No, your rental income does not appear on your credit report. It is not included in your debt-to-income ratio. A credit report contains your name, social security number, address, phone number, date of birth and previous employers. It also contains your credit information like opening date of the account, account status, credit limit, monthly payment, outstanding balance, and your payment history. Information on tax liens and judgments also appear on your credit report. Inquiries are also displayed on your credit report.
_________________
All the Best Smile
Justin
Doc

Doc

Joined: 02 Dec 2008
Doc's page
Posts: 184
Location: McKinney, TX


1127 Magic Points
 
 Posted on Mon Dec 07, 2009 12:43 pm  
Once again, here's the link that shows what ISN'T in your score...
http://www.myfico.com/CreditEducation/WhatsNotInYourScore.aspx

And here's an accounting of what's IN IT...
http://www.myfico.com/CreditEducation/WhatsInYourScore.aspx
_________________
-Doc Compton, Omega Credit Repair
I provide info for free, & all I ask is that you visit my site... I don't wanna sell you anything, I just wanna increase my traffic, and push my site up in the search engine rankings...
http://www.omegacreditrepair.com
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 4285



127 Magic Points
 
 Posted on Wed Dec 09, 2009 3:17 am  
Hello Doc, I want to say thank you for the links posted above. As much searching as I have done before I have never stumbled onto these pages. They are very informative and I hop anyone who has the chance will take a look at them. It will be worth the time.
Doc

Doc

Joined: 02 Dec 2008
Doc's page
Posts: 184
Location: McKinney, TX


1127 Magic Points
 
 Posted on Wed Dec 09, 2009 4:18 am  
I do what I can...
I'm actually putting a site together that is gonna have all this info and more posted for free... I'll announce it when it's ready.
_________________
-Doc Compton, Omega Credit Repair
I provide info for free, & all I ask is that you visit my site... I don't wanna sell you anything, I just wanna increase my traffic, and push my site up in the search engine rankings...
http://www.omegacreditrepair.com

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