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Credit Report - Fraud Prevention Tool

ATS Credit Report

ATS Credit Report allows you to:

• help identify the Prospective Tenant. i.e. verifies name, date of birth;
• validates the SSN that also identifies the Applicant;
• in most instances, lists current and previous addresses;
• No credit history = a red flag; Click Here for the reasons why!
• get a Fico Score: The Credit Bureaus provide a risk assessment based on previous credit history. The score recommended for the Residential Rental Industry is 600, a score above 600 is usually indicative of a good credit history. A score below 600 generally indicates that there is a credit risk associated to this Consumer; the credit history in this instance (below 600) would likely show payment problems. The higher the score the better. This is a guide that most financial institutions use.

The Credit report saves you time, money and guess work. It is a fraud prevention tool that also reduces risk of income loss.

 

Tenant screening should always include a credit report, it is an inexpensive way of choosing a low risk tenant that will maintain profitability for your landlord business.