Tenant Background Reports - Credit Reports

Credit Reports

A credit report contains information on the past borrowing and repaying of an individual, including information about late payments and bankruptcy. The informatoin found in a credit report is compiled by a credit bureau. The credit burea matches the name, address and other identifying information of the credit applicant with information retained by the bureau in its files. sublet.com offers credit report services for individuals with United States Social Security Numbers only.

To begin running credit reports, please click here.

These reports are for background checks on prospective tenants

Why Run a Credit Report on a Prospective Tenant
Running a credit report on a prospective tenant will give you invaluable information about the tenant's ability to pay their rent. A tenant with a good credit score is more likely to be able to pay their rent than a tenant with a bad credit score. Some landlords may charge a rental application fee to cover the cost of a credit report. By choosing a tenant based on their credit report, credit score and credit history, you can be assured that you're choosing the tenant based on their ability to pay their rent, which can negate and discrimination complaints. There are three credit reporting agencies: Experian, TransUnion, and Equifax. To run a credit report on a tenant, the tenant must have a United States Social Security Number. While the Social Security Number is a primary identifying factor for establishing an identity for credit reporting purposes, other factors, such as name and address, are also used to establish the identity of the tenant. Credit Reports are generally regarded to be accurate documents; the Consumer Data Industry Association testified before Congress that of all disputes from individuals regarding information on their credit report, less than two percent of said cases resulted in any data being removed from individual's credit reports.

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