There are private credits reporting agencies that collect credit files and other consumer information and sell them. Landlords can get the credit report of their tenants through these agencies. Landlords need to know their tenants’ credit reporting to determine if the tenants are responsible enough to pay the rent diligently. High credit scores mean lesser risk for the landlord.

Through investigating the credit report, the landlord will know if a prospected tenant has ever filed bankruptcy in the past or if the tenant has been delinquent or late in paying bills, loans and other payment. This will also help the landlord determine if the tenant has been convicted or arrested in any state before. Credit reports will also show information about the tenant being evicted before, been charged by any lawsuit, or if he or she is financially stable with a good credit history capable of paying the rent.

In order to check the credit report, the landlord should ask for the tenants name, address, Individual Taxpayer Identification Number, or Social Security number. This information is usually jotted down when filing the rental application form.

The big bureaus that lead the credit reports market are Equifax, TransUnion and Experian. However, a landlord can’t order directly from them. Landlords should work with agencies and tenant screening service providers. You can search for these agencies in the yellow pages or just Google them. You may have to pay a small fee for these credit checks. There are other states that make it legal for the landlord to charge tenants $30 to $50 for the credit check.

To make sure that you get the right credit reports and you do the right action for your future tenant after investigating his or her credit report, it would be best to consult a lawyer for proper information. Get the best lawyer for the same, fill the FORM right away available on the right of your screen.

Related Posts
What is a mortgage?
A mortgage is an accepted legal recourse wherein a person makes his personal (movable) or real (immovable) property as a security to a loan so that, if the person who ...
READ MORE
How to get your security deposit back?
Before you can move in to a rented apartment, you have to deposit a big amount of money to the landlord first. This money is called the security deposit. This ...
READ MORE
How a real estate attorney can help you during your home purchase
There are different kinds of real estate transactions such as commercial leases, residential rentals, single-family home, and investment property transactions. To make sure that your real estate transactions run smoothly, ...
READ MORE
Traffic Laws in the US
Traffic laws in the United States vary because every state enacts its own regulations and laws. America has a strict judicial system. There are different sets of traffic laws in ...
READ MORE
Buying or Selling real estate property
If you are not an expert in buying or selling a real estate property, you need the help of a sales agent to walk you through the entire process. You ...
READ MORE
DUI:Driving under the influence
Dui (DUI), generating while intoxicated (DWI), drunk(en) generating, drink generating, working under the impact, generating under the impact, or impaired generating is the criminal activity of generating a automobile with ...
READ MORE
Renting Office Space: Know What’s Involved
Office spaces are efficient for business owners and entrepreneurs to run their operations. Sometimes, sharing these commercial spaces with another person in the same line of profession or business is ...
READ MORE
What works and what does not work in a traffic court?
Did you know that in a traffic court, when the officer who caught you fails to show up during the trial, you will win the case? This may happen if ...
READ MORE
Procedures when a law enforcement officer has reason to suspect a driver is intoxicated
Dui (DUI) means operating a automobile after consuming liquor or drugs that have affected a person's mental or engine skills. In most declares, a person will be considered "impaired" if ...
READ MORE
Why to hire dui lawyer
You must have heard of the friends or family members being caught under the DUI. Definitely, Driving under Influence is not a small case. In fact most of the states ...
READ MORE
What is a mortgage?
How to get your security deposit back?
How a real estate attorney can help you
Traffic Laws in the US
Buying or Selling real estate property
DUI:Driving under the influence
Renting Office Space: Know What’s Involved
What works and what does not work in
Procedures after DUI
Why to hire dui lawyer