What do landlords look for on credit reports?
When you fill out an application to rent a house or apartment, you can expect your landlord to pull a copy of your credit report. Landlords must pull credit reports on individuals before renting to them to ensure that they rent to the tenants who are most likely to make timely payments.FactsA landlord who checks your credit report will primarily be looking for evidence of missed mortgage or rent payments and past evictions or foreclosures.FunctionThe function of a credit check for a rental is also to make sure that you are not too deeply in debt. Prospective tenants who carry high credit card balances and a large amount of debt may quickly become unable to meet their rental obligations.MisconceptionsAlthough your credit score is a factor, your credit history will carry more weight when determining whether your application will be approved.ConsiderationsYou have the right to dispute the accuracy of any information in your credit history with the credit reporting agencies.
