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 involved in filing for bankruptcy
People who are having problems paying their financial obligations sometimes consider bankruptcy to acquire comfort from selection initiatives, remove some or all of their financial obligations or rebuild their debt ...
READ MORE
Social Security disability definition
Social Security Advisory Board has asked whether the Social Security disability definition should be changed in some fundamental way. The Disability Policy Panel studied this question at length and reached ...
READ MORE
How to hire a real estate attorney?
It's really a great idea to hire a real estate attorney early on because it will help you save more time and money as well as defend you from various ...
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
How to fight traffic tickets (Top Strategies)
If you think you don’t deserve the traffic ticket you got, you can exert effort to fight it off. There are certain strategies you can do to successfully fight traffic ...
READ MORE
Too many people living in single rental unit….what to do?
Defining how many people can live in a rental unit is one of the biggest problems that some landlords have to face. The legally defined specifics vary per state. This ...
READ MORE
Dealing with your insurance company
If your house gets damaged by fire or other disasters, you can look to your insurance company for reimbursements. But your success of getting relief from your insurance company may ...
READ MORE
What to do when your tenant doesn't pay rent
The landlord has the right to evict the tenant especially when the tenant hasn't paid the rent on full and on time. However, the landlord has no right to evict ...
READ MORE
Understand the DUI police report
The dui police report you receive contains the evidences against you in the DUI case. These are the evidences that you must overcome in the trial. The report will have the ...
READ MORE
Roommate and late rent payment?
Living in a house or an apartment with a roommate can be fun, especially if that roommate is your friend. However, when your roommate pays rent late, your friendship might ...
READ MORE
What is involved in filing for bankruptcy
Social Security disability definition
How to hire a real estate attorney?
Why to hire dui lawyer
How to fight traffic tickets (Top Strategies)
Too many people living in single rental unit….what
Dealing with your insurance company
What to do when your tenant doesn’t pay
Understand the DUI police report
Roommate and late rent payment?