This process does not impact your applicant's credit score. It's a soft inquiry!
That's it! LeaseRunner takes care of the rest.
VantageScore 3.0 provides enhanced performance over traditional risk models for prospective tenants and consistent risk assessment of their creditworthiness across multiple credit bureau platforms. It scores additional 30 million rental applicants even with minimal credit history.
You may have seen many tenant screening services that offer just a credit summary (credit score and recommendation), a summary of accounts, or just the credit report without the credit score. LeaseRunner provides you with the full credit report with account details. The credit data is supplied from Experian. Unless you tell us otherwise, we tend to think that our credit check is one of the easiest to interpret in the tenant screening industry. See sample.
Your applicants authorize the release of their credit report electronically from their email. Their identity gets automatically verified so you know that they are not trying to impersonate someone else’s identity. Learn more about our tenant screening process.
While most credit reports clearly show the renter’s intention to pay your rent (the historic trends of your applicant paying off his creditors), they don’t indicate the actual ability to pay your rent. We show you an Income-to-Rent ratio with our credit report that includes the total monthly payment your applicant is making on a monthly basis to his creditors. Quickly, you will be able to judge whether your applicant will be able to make ends meet including paying your rent. The income is self-reported by the applicant but you can always verify the income using our Financial Profile report.