Before renting
to a new tenant, always run a credit background check. Experian, one of the
major credit reporting agencies, provides a service designed just for
landlords, called Experian Connect. Simply:
Send A
Request – All you need
is the prospective renter's name and email address to request a credit check
for landlords
Get
Authorization – Your
prospective tenant will purchase their credit report and score for and grant you private access
Check
Renter's Credit – You
will receive a notification when their credit report is ready for you.
When you run
a landlord background check
through Experian, you can be assured you are seeing the renter's verified
information directly from the credit bureau and not from a potentially
fraudulent printout, fax or scanned copy.
Verify that the
applicant’s identity information matches what's in their rental application.
Look for a history of late payments, collection accounts, charged offs or major
issues such as bankruptcies, tax liens and evictions. Calculate current debt to
ensure they can afford the rent payment. Contact the renter’s employer and
previous landlords.
Experian claims
to be the first and only CRA to include rental payment data in credit reports.
