Why should landlords run credit checks on tenants?
A leasing credit check helps demonstrate a tenant’s history of accountable borrowing, meaning they spend their debts on time (and are also prone to spend their lease on time). In addition helps show whether or not they are able to afford to live in your leasing home.
Just just What info is required for a credit check?
Each applicant over the age of 18 must submit a completed rental application and give the landlord permission to check their credit before you can run a credit check on rental applicants. Given that landlord, you have to follow all Fair credit scoring Act instructions and also validate that you’re the real landlord. Here’s what you’ll need certainly to get ready for the credit check that is rentalRead More›