Re: cheapest way to check credit?? - Posted by Lyal
Posted by Lyal on August 29, 2003 at 10:00:23:
The best place I’ve found is through the www.mrlandlord.com site. No sign up fee, first check is free and 10 bucks a pop after that. Best is that it’s in an easily readable, scored format.
Next question is, why do you need to check credit? Keep in mind that most of the people we deal with are “credit challenged” anyway. If you’re dealing in a park and selling “Lonnie Style” (with owner financing), chances are they they’ll check the credit as well as criminal background, get employment and previous landlord references.
Bad credit is less of a concern (depending on the cause; sudden, large medical expenses or a divorce will kill the credit of the best payor) than a landlord reference.
In my case I “leverage” the parks effort by letting them do the checks and get permission from the applicant to see the information. If they’re good enough for them, they’re good enough for me.
All the best, Lyal
PS: Selling for cash like Ken does is a different story.