What are"dofollow links?"
47 karma · joined September 1, 2017
These people sound like professional swindlers, you can buy someone's identity on the darknet for a couple hundred dollars at the most. They almost certainly filled out the rental application using someone else's information. That was implied in TFA.
Property ownership is very trivial to check. Calling city/town hall when a property is listed is not an unreasonable task for a multi-million dollar company, more like the bare minimum due diligence. If they can manage to send out professional photographers they can manage basic ownership verification.
Furthermore, I didn't see any reason to jump to such conclusions given in the article. These people seem like professional swindlers so they could have presented false documents when signing the lease.
Unfortunately, tenants do take advantage of landlord-tenant laws sometimes, and that is terrible. Savvy swindlers can use the system to their advantage.
Being hard to recover money from individuals has absolutely nothing to do with landlord-tenant law and everything to do with the fact most individual people don't have tens of thousands of dollars sitting around to pay legal judgements. You'd have these sorts of issues anytime you sue someone else for anything. Best case scenario is that the person who you are suing has the proper liability insurance that will pay the judgement for them. (Liability is included with homeowners insurance and renters insurance but doesn't usually cover intentional actions)
(Ignoring the fact it's a several months process to even evict a tenant in many states in the first place.)
You can't let AirBnB off the hook here, they have the moral, if not legal, responsibility to prevent the most egregious abuses of their platform.
The water filter- My fridge makes ice and dispenses cold water from one of the doors. This mechanism has a water filter.
I don't doubt that filters should be changed regularly but I don't trust LG to tell me when.
Example: Say I rent out my house and an electrical fire breaks out. Insurance company says "you were using the premises for commercial purposes at the time of loss and your policy does not cover commercial activity. We won't cover the fire damage." This is a very real possibility you'd find yourself in unless you specifically bought commercial/landlord insurance.
(I'm assuming there's tons of people who are going to miss that deadline anyway)
I wouldn't want to have my oven on when I am not home- it might just be me but it seems dangerous to leave a hot oven unattended. I always check the oven before starting it to make sure it's empty. I guess I am somewhat paranoid that something somehow ended up in there.
The rest of the stuff I, personally, don't see any value in other than energy efficiency and that doesn't really require networking. My fridge is constantly telling me that I need a new water and air filters but I just ignore it and assume it's a ploy to sell more filters (like printers that report you need more ink despite printing fine).
Yes, there's plenty of people giving misinformation on the internet. You're giving very specific numbers out of thin air that are ridiculously inaccurate from my personal experience.
(BTW, there's a back door way to get your credit report as many times a year as you'd like rather than just annually)
These are all new loans (they have only been issuing them for less than 2 years). I don't think we can conclude anything about those loans until they are actually paid down significantly.
Also this isn't really lending as much as it is financial accounting assistance. It's more or less similar to hiring an accounting professional who also brings capital. It sounds like they are additionally helping with management of the business as well. It's obvious that businesses that receive this sort of assistance are going to do fairly well, especially because we can presume their business plans were screened for viability beforehand. It's my very unscientific opinion that businesses usually fail due to either a non-viable business plan or mismanagement (and they often go hand-in-hand).
60 plus point hit from someone otherwise creditworthy? No, just no. I had ~$120,000 in revolving credit. I opened up a new card with an $8,000 limit and maxed it out so 99% utilization hit my report on one card. My credit score only dropped about 20-30 points and it mostly recovered in about 3 months even though I was only been paying the minimum 1% balance. (I was riding the interest free period).
Don't think your $300 limit example is very realistic. Credit limits are only ~$300 on customers without a credit history or one with poor credit. Companies typically will automatically up the credit limit as high risk customers become more creditworthy. Nobody with $100,000 in revolving credit has such a low credit limit on an individual card (and even if they did, it would be as simple as asking for an increase, as a $300 credit limit on a card you plan on actually using is totally infeasible)
Old versions of FICO are not typically used for mortgages, don't know where you got that "information" from. I got a mortgage last year and FICO 8 was used. I got 3 quotes and all lenders used FICO 8. (this information was disclosed to me)
I didn't have any installment loans for many years and I was not penalized. My FICO 8 score was 750+ every single month for years with only two credit cards as my history. As long as you have a strong credit history installment loans mean nothing over revolving accounts. Maybe you'll get a 20-40 point increase from opening a new installment account, but that would likely come with opening up a new revolving account as well. Furthermore, everything I've read about FICO 8 says closed accounts count the same as open accounts for FICO 8 so taking out a loan and paying it off the next day counts the same as taking out a loan and paying it off over several years.
FICO is neither stupid or evil, its totally rational from the lender's perspective. I'm trusting there was some actual number crunching that went into these algorithms. Lenders, landlords, and insurance companies wouldn't use it if it wasn't working for them. Is it unfair to some populations? Yes, I don't think that is disputed, HOWEVER, it's "obvious" from a layman's perspective that someone who has used credit wisely is less risk then someone whose never used credit. The unintended side effect is punishing people who don't have a use for credit. Credit cards are becoming more important though for everyday life, I once saw someone get turned away from renting a car because he only had a debit card and no credit card.