Say you are renting a property to a prospective tenant....how do you run their credit?
2006-07-23 13:01:28 · 6 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Naturally the lessee will ask for personal information, so all you really need is the tenant to sign the application giving permission. But please make sure your application says that it is okay. Contact the credit bureaus to see if you can get an account established for that purpose, if not once you have permission then you will just have to pay the $7.00 for it.
2006-07-23 13:20:52 · answer #1 · answered by Ms Lady 1 · 2⤊ 1⤋
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RE:
How do you run someone else's credit?
Say you are renting a property to a prospective tenant....how do you run their credit?
2015-08-24 00:05:55 · answer #2 · answered by Bea 1 · 0⤊ 0⤋
Get their permission in writing. Call a local lender and ask them if they could run a credit report, though it may be different state by state. They may also have a form you could use. Either way, try calling a local mortgage lender and they could probably help you answer this question for your area.
2006-07-23 13:48:33 · answer #3 · answered by charlottesville101.com 2 · 0⤊ 0⤋
You will need their permission. It is perfectly legal, as long as you have their permission. You can make it a requirement of them renting. Make sure you make that clear up front. If you try to get their credit report without their permission, you will be violating their privacy protections.
2006-07-23 13:17:54 · answer #4 · answered by Christopher B 6 · 0⤊ 0⤋
It's not illegal, but it costs around $40.
You will need their SSN.
www.experian.com
www.transunion.com
www.equifax.com
2006-07-23 13:09:23 · answer #5 · answered by echiasso 3 · 0⤊ 0⤋
check with the credit beuro's
2006-07-23 13:13:48 · answer #6 · answered by Anonymous · 0⤊ 1⤋
That's Illegal!!! Duuuh!
2006-07-23 13:03:15 · answer #7 · answered by divacobian 4 · 0⤊ 6⤋
ya thats illegal i wouldnt try it if i were u....cya
2006-07-23 13:05:04 · answer #8 · answered by Anonymous · 0⤊ 6⤋