How Corporate Landlords Pull Credit Reports
Corporate landlords receive credit discounts. |
Large companies have the option of setting up a contract with the credit bureaus that allows the company to pull your credit reports directly from the source. Not all apartment complexes, however, even the truly massive ones, go this route. For a business, ordering credit reports directly from the credit bureaus is incredibly pricey – far beyond your measly $25 application fee. Corporate landlords can afford this because they receive volume discounts. The more credit reports they pull, the cheaper the cost per report.
How the Average Landlord Pulls Your Credit Report
Some landlords pull credit through other companies. |
How Private Landlords Pull Your Credit Report
The majority of rental homes are run by a property management company rather than the property owner.
Private landlords may not pull credit. |
It isn't uncommon for a private landlord to avoid pulling your credit report and scores altogether. Even those who know how beneficial a credit history can be when making rental decisions often forego pulling the report for a variety of reasons such as:
- They don't know how
- The cost just isn't worth it.
- They're afraid of violating privacy laws
- They don't know how to read and interpret a credit report
Before you allow a landlord to pull your credit report, however, its important that you pull your own to find out where you stand in your hunt for rental housing. The federal government allows you three free credit reports each year: one from each credit bureau. Take advantage of that ability and avoid the nervousness of the approval process by pulling your own credit reports and scores before your landlord does.
Related Posts:
How to Get a Free Credit Report Without a Credit Card
Do Apartment Credit Checks Hurt Your Credit Score?
Improving Credit Scores After Collections
Related Posts:
How to Get a Free Credit Report Without a Credit Card
Do Apartment Credit Checks Hurt Your Credit Score?
Improving Credit Scores After Collections
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