Why landlords and brokers need credit reports | The Rental Standard

The testimony of the renter on the rental application often isn’t enough: to get a third party to make sure the renter is telling the truth, the agent or owner will pull a credit report. What’s in a renter’s credit report, and why does it matter? How can owners make the best use of credit reports from bureaus like Experian or TransUnion?

First, it is a check on the renter’s identity.

Second, the credit report gives the owner a sense for existing financial burdens.

Third, credit reports demonstrate that the tenant makes monthly payments a priority.

Read the whole article: Why landlords and brokers need credit reports | The Rental Standard.

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