Credit Report Overview

A Significant Element Of Tenant Screening Is Credit Reports. They Can Show Us A Lot More About A Potential Tenant, Including Debt History As Well As Bankruptcies And Prior Evictions. These Records Can Help Back-Up Information Applicants Give. The Report Is Not Available To Candidates To See.

• Formatted for renter screening

• View on your computer, phone, or tablet

• Get the context behind the Tenant Rating

How We Analyze The Report

We Take A Look At Their Credit Score And Debt History After Receiving The Report. A Weak Credit Score Could Be An Indication That The Candidate Isn’t Making Their Monthly Credit Payments Or Owing Significant Money In Correlation To Their Income. Although A Tenant May Have A Bad Credit History Or A Low Number On Their Credit Report, It Does Not Mean They Should Be Disqualified. One Instance Is Someone Who Was Hit With An Unforeseen Medical Cost And Is Now Repairing Their Credit. Another Is Someone Who Is Just Beginning To Build A Credit Record. Before You Sign Off On Candidates, Check Their Remarks.

Doesn’t Impact The Tenant's Credit Score

The tenant credit review is different from other screening services. The report review results in a soft inquiry about the applicant's credit history. This has no impact on their overall credit score.

They can also feel confident that their personal information will be safe and secure throughout the process. Helping you make the best decisions regarding your rental property.

The rental applicant initiated the release of personal information. This soft inquiry won't impact the applicant's credit score. Our tenant credit reports can be used to screen potential tenants and help you to better assess the risk of renting.

Easy-To-Read Format

It’s simple and easy for landlords to quickly identify key information about potential applicants. The context behind the score will give you the information you need to make informed leasing decisions.

Background Check Overview

Making sure that you can trust your tenants is crucial. That’s why we have access to millions of criminal reports to supply tenant criminal background checks that allow you to steer clear of trouble tenants.

We Have Access To Advanced Filters And Industry Best Practices To Search:

• 44 state criminal background checks*

• Most Wanted Databases

• National Sex Offender Public Registry

Benefits To You:

• 370+ million criminal records searched, from both state and national databases

• Quick Results available

• Available 24/7, from anywhere online through our portal

• More detailed results

• Credit bureau strength record matching delivers fewer false positives

*The Criminal Report is subject to federal, state and local laws which may limit or restrict the ability to return some records. Instant criminal results not available for Delaware, Hawaii, Kentucky, Massachusetts, South Dakota, and Wyoming.

Eviction Report Overview

It costs $3500* to evict a tenant and takes 3-4 weeks* to evict a tenant.

*Based on 2013 TransUnion survey data

In some states, these numbers are even worse. As a property owner, that's not a risk we want you to take – that's where tenant background checks come in. We can better predict future behavior with an eviction check by analyzing the prospective tenant's eviction history.

Eviction Check Reports Include:

• Tenant judgment for possession and money

• Unlawful detainers

• Tenant judgments for rent

• Failure to pay rent

• Writs and warrants of eviction

Eviction Reports include court records on every file TransUnion eviction reports come from a variety of sources including public court records, and are enhanced with data reported directly to TransUnion.

Helping You Predict Evictions Better

It can get expensive when you consider all the costs associated with eviction. Evicting tenants can be expensive in both time and money. According to online data, costs for evicting a tenant can range from $2,500 to $3,000. Tenant eviction is a long process that can take up to four weeks. Most landlords do not want to have to evict tenants.

Large Database Of Eviction Records

We use robust credit, personal, and address history databases to help determine who is who. That means you receive more accurate results and fewer false positives. Checking the applicant's prospective tenant's eviction report is one of the best ways we can avoid a future eviction. We Order a national eviction report that can provide an in-depth view of an applicant's eviction history, including information such as unlawful detainers, failure to pay rent, and tenant judgments for rent and for possession

Income Insights Overview

Income Insights will tell you which applicants require additional income verification and which ones to dismiss.

Why It Matters

Because when the Income Insights estimate aligns with the applicant's self-reported income, we’ll know we can skip additional income verification.

Verifying a prospective tenant's income is part of the process of doing a tenant credit check, but it can be time-consuming. Often it requires a call to the applicant's employer and additional paperwork and that is where we come in.

How It works

Income Insights is based on TransUnion’s proprietary model that was verified against a variety of historical income data collected by independent third parties.

The model analyzes the applicant’s self-reported income by using data from the credit report, including an analysis of how much they pay toward balances, the amount of money they spend, and the types of balances they carry among other factors.

Income Insights compares this credit behavior to the applicant’s self-reported income to determine whether additional income verification is recommended.

Income Insights can be used to analyze the income of anyone with a credit report, and also takes into account non-work related sources of income such as child support and alimony.