What’s the best Web site to do a tenant credit check?
Posted in Renting & Real Estate on 02/07/2010 07:23 pm by admin
Hey Landlords —
Was wondering if anyone could suggest a site that is good for doing online credit checks on tenants. There are so many sites out there that offer them; I’m not sure exactly what I’m getting. Obviously, I want to get all three reporting agencies (if feasible), and I want a low price. I’ve seen the price on credit checks range from $9.95 to $29.99. What is reasonable?
Any specific Web sites anyone could point me to? Can you get the reports directly through the reporting agencies? It seems like most of these Web sites I’m finding are third parties. What would be the benefit of using a third party site?
I’m a new landlord. I’ve had no problem requesting my own credit report in the past; but this seems to be a totally different process. Please help!
By the way; I’ve received rental applications which have all the essential information like DOB, drivers license number, social security and all that. They have signed the applications which include consenting to a credit check.
But, no I don’t have their mothers maiden names or anything.
EMILE
02/09/2010 at 7:57 pm
ELLIOTT
I personally think that “credit checks” have gone overboard, and I wish they would be made illegal.
02/10/2010 at 5:16 pm
TREVOR
I use which i have had no issues with.
02/12/2010 at 11:38 pm
LESTER
Since you are new at being a landlord, the public sites are not what you want. First of all, you can not run a credit check on someone without their written permission. If you try to use the public credit rating site you will not get to far. They are going to ask you questions about the person that you will not have the answer too.
I would suggest that you check with your bank or mortgage company and ask them who do they use to run the credit checks.
When I was an apartment manager I had a contact with a broker who would run the credit checks for me. He charged me $25.00 for each one, and that is what I would charge the potential tenant. He would call me with their FICO Score, and then fax the written report to me.