Get PDF Rental Application - Credit Service Company

Credit references can be a credit report or documented letter from a previous lender, personal acquaintance, or business acquaintance. Lenders use both credit reports and credit reference letters in their lending decisions for both individuals and businesses.

Credit references can include your bank, companies whose bills you pay regularly, or even previous landlords, supervisors, or perhaps your faith leader. Your landlord may contact the credit references you provide to get more information about your payment habits.

Character References Any reliable reference from utility companies, previous employers, or past landlords can be used as a credit reference. Any document that highlights an individual's character can provide information on how responsible the applicant is when it comes to managing important tasks.

Experian says rental applicants can pay $19.95 to buy a copy of their Experian credit report online and choose to grant one or more prospective landlords access to view their credit report for up to 30 days. Personal information, including Social Security and account numbers, are not shared with prospective landlords.

By asking for your bank details, the landlords can verify your bank account and that your income, minus your expenses, is enough to meet your payment obligations. Landlords may also want to know your account number in case you fail to pay your rent.

A credit reference document can take on many forms, the most obvious being your credit report. Other types of credit references include bank statements or letters from reputable sources like previous landlords.

Credit bureaus Equifax, Experian and TransUnion offer several credit screening products for the rental market. These services may require an applicant to initiate the check, and generally count it as a soft inquiry, which doesn't affect credit scores.

Include contact information, your current address, and any other details that will emphasize your positive attributes as a renter. Also including a timeline for the move, any hobbies and interests, basic employment information, and any other personal attributes will set you apart from others.