Are you or someone you know looking to rent a new home or apartment?
Did you know that potential landlords can request a “tenant credit report” using only an applicant’s name and email address?
Many landlords do in fact check a prospective tenant’s credit history with at least one credit reporting agency to see how responsible the applicant is with managing money.
Here is what they looking for?
A credit report contains a gold mine of information for a prospective landlord. Here are some of the things they can find out:
- Has the person ever filed for bankruptcy
- Are they late or delinquent in paying rent or bills, including student loans or car loans
- Have they been convicted of a crime, or even arrested
- Have they been evicted (legal rights to get information on evictions varies among states)
- Are they involved in a lawsuit such as a personal injury claim
- Are they financially active enough to establish a credit history
Information in credit reports covers the past seven to ten years and all 3 of the credit bureaus offer landlord tenant screening services. So, it is a simple process for any prospective landlord to screen potential tenants.
As a result of viewing these reports, landlords can either not rent to you because of negative information in a credit report or they can charge a higher rent because of such information.
How can THD Help?
THD can pull a rental credit report for you to see if there are any mistakes or discrepancies so you can be prepared before you apply for your next home or apartment rental. It’s simple, just email us at firstname.lastname@example.org and we can get started!