CREDIT REPORTS FOR TENANT SCREENING

Credit checks help you make well informed and confident decisions about persons you will entrust to living in your property. Information you need to get is:

1. Does the candidate have a criminal record?
2. How long did the individual(s) live at a past address?
3. What type of tenant was the individual(s)?
4. Are there any evictions or civil judgments filed against the individual(s)
5. Did the individual(s) pay the assigned rents on time?
6. Ensure that the bank account details provided by your customer are correct. 
7. Name, address, ID number, and date of birth.
8. If he/she has moved in the last two years, their previous address.
9. The amount of their monthly rental payment.

A credit report includes information on where you live, how you pay your bills, and whether you’ve been sued or arrested, or have filed for bankruptcy.

Credit bureaus sell the information in your report to creditors, insurers, employers, and other businesses that use it to evaluate your applications for credit, insurance, employment, or renting a home. When the bills are not paid, the delinquent account is reported on your credit report. And it’s this kind of information that could affect your ability to get credit, insurance, or even a job.

A consumer reporting company can report most accurate negative information for seven years and bankruptcy information for 10 years. There is no time limit on reporting information about criminal convictions. Information about a lawsuit or an unpaid judgment against you can be reported for seven years or until it is paid