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Credit Monitoring vs. Tenant Screening
There are numerous credit-monitoring tools available to consumers today helping them manage their credit score, credit history, and monitor fraudulent activity on their credit file. These services are valuable to the consumer but can they help you as a landlord to make a decision on your prospective tenant and should you accept these reports? Some prospective tenants may utilize such services and when you mention running a credit check on them, they may slide their most recent credit report from their credit monitoring service in front of you. Should you accept it? Should you trust it? Permissible Purpose Credit-monitoring services, such as CreditKarma, LifeLock, or IdentityGuard are consumer reporting agencies that serve a specific permissible purpose, which is credit monitoring. All co
Feb 26, 2025
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