What credit check do estate agents use?

When they check you, letting agents will only look at publically-available information, including if you’ve ever been bankrupt or if you’ve had a CCJ. They’ll also be able to see if you’re on the electoral roll, meaning you’ve registered to vote.

Can bad credit prevent you from renting?

Your credit score plays a huge role in your ability to secure an apartment, so big a role that oftentimes, landlords won’t accept your application if you have bad credit, even if you have a decent income and good references.

Do landlords always do credit checks?

Landlords and letting agents will usually perform at least a basic credit check on all applicant tenants, but many will do this as part of a broader, more comprehensive tenant referencing process. If you simply want to perform a credit check on your tenant, you can do so via a credit referencing agency.

How does TPN help you keep tenants in your property?

And rewarding your dream tenant with a good credit rating is a great way to keep them in your property. TPN stores the payment behaviour of tenants. We also SMS your tenant monthly (for free!) to advise them of their credit record status, encouraging timeous payment.

Can a person with a bad credit record rent a home?

For those with a less-than-stellar credit history, you might have a tough time qualifying as the ideal candidate for that rental home you love so much. But while trying to rent a home with a bad credit record can be difficult, it’s certainly not impossible.

Is the rental blacklisting available on TPN?

The Rental Blacklisting is available to list your tenant on either TPN or TPN and TransUnion Credit Bureaux. There are certain requirements before loading a blacklisting:

Is it good to report bad tenants to national credit database?

Using a subscription service that reports all payments – good or bad – can be a good way to entice tenants to want to enroll in such a program. It can help to raise their credit score if they pay on time – and it can give you peace of mind, too.

How to pass a rental credit check with bad credit?

Rental credit checks will allow landlords to view tenant information such as: 1 Employment history 2 Social security number verification 3 Credit score 4 Payment history 5 Fraud indicators

Can a landlord refuse to rent to someone with bad credit?

“The worst thing you can do is go through the entire process of applying for a lease and then you don’t get approved because you had no clue you had bad credit,” King says. Nearly half of landlords perform credit checks on rental applicants, according to a study by TransUnion.

Can a landlord not check your credit score?

There’s no doubt landlords have a real fondness for tenants who pay their rent on time, and finding apartments that don’t check credit at all or are A-OK with a low credit score is rare.