Posted by Jim (MN) on January 31, 2002 at 24:40:43:
Di, you’re swell. I knew one of the credit reporting companies worked the midwest better than the others, but I didn’t know which one. Thanks a bundle!
credit reporting services? - Posted by Jim Scheller
Posted by Jim Scheller on January 29, 2002 at 15:01:14:
Hey folks! I’m a newer landlord and wonder about the need to check prostpective tenant’s credit reports. If so, any especially cost effective ways to do so?
Thanks for your time.
Re: credit reporting services? - Posted by Dan B.
Posted by Dan B. on January 30, 2002 at 24:59:00:
I use an online company, called Tenant Screening Company, Inc. (TSCI.com). They offer a bunch of different reports. I go for the mini-report, costs about $35, which I collect as an application fee. It helps separate the “lookers” from the renters. I tell all applicants that I only “spend” their app. fee if they are next in line, and have agreed to take the place. The only way they spend the fee without getting the apartment is if there is something on the report that disqualifies them. I also tell them the minimum income level to qualify, before we even take the app.
Hope this helps.
Dan B. (NY)
Re: http://mrlandlord.com - Posted by Jim (Minnesota)
Posted by Jim (Minnesota) on January 30, 2002 at 24:41:25:
Thanks for the suggestion!
Re: http://mrlandlord.com - Posted by di(WI)
Posted by di(WI) on January 31, 2002 at 24:16:42:
Jim, The Mr Landlord reports are ONLY from Experian, but TransUnion is the company that generally handles credit info for the midwest, so you may not get current information on the reports. I’ve seen one report that had nothing new listed since 1998, yet the person had gotten a truck loan and a home loan both in the past 14 months. Neither were on the credit report.