![]() ![]() It is problematic that to get a bond or rent a home, a good credit score is part of your evaluation and unavoidable, even if the circumstances you had were out of your control. How does one’s credit record get affected and recorded? ![]() When Covid hit that number decreased to 73.5% and while we saw it gradually start to recover with 74.57% in the third and 77.61% in the 4th quarter, the scale of this drop and its impact on the rental income of landlords is undeniable.” In the first quarter, pre-lockdown saw 81.52% in good standing. The challenge we now face is, what can we do? Is it possible to repair your credit record and get that dream rental home? Are your dreams of getting a bond in the future permanently dashed or can they be rescued?Īccording to Shanaaz Trethewey, CEO of RentMaster, a rental cash flow and collection company with a 20-year track-record: “During 2020, the percentage of total tenants in good standing with their landlords dropped as would be expected. Landlords and tenants alike have been affected due to income loss, leading to missed bond payments, downsizing and, unfortunate, if unavoidable evictions. ![]() In the wake of the pandemic, many face the reality of their meticulous credit records being negatively affected by the whirlwind of last year’s economic instability.
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