Understanding VantageScore’s New Credit Scoring Model

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Landlords Property Managers Contact TSCI VantageScore 4.0, the fourth generation tri-bureau credit scoring model is now available to lenders. This latest version of VantageScore will set the new standard for credit scores, so it’s important to be aware of what’s changing and how it could impact your score—as well as the scores of prospective tenants…. Read more »

Could Credit Scores of the Future Be Based on Online Behavior?

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Could what you do online have an effect on your credit score in the future? It’s a distinct possibility, according to the International Monetary Fund (IMF). Recent research from the organization claims lenders may soon start using data from browsing, search, and purchase history to make loan decisions. Read on to learn more about how… Read more »

Why You May Want to Consider Adjusting Your Credit Score Requirements

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If you’re tired of being inundated with commercials for large ticket items talking about how these are “unprecedented times” we’re living through, you’re not alone. Although the availability of vaccines has given us all some light at the end of the pandemic tunnel, we’re certainly not out of the woods in many ways, especially economically…. Read more »

What to Expect from a Credit Check to Rent a Property

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We’ve written extensively for landlords on how to request, read, and use a credit check to rent a property, but we haven’t fully covered what to expect if you’re a tenant whose applying for a rental that requires credit check. How will it affect your chances and how can you prepare? We’ll discuss below. Understanding… Read more »

How Do You Get an Apartment with Bad Credit?

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Renting an apartment with bad credit is difficult but not impossible. To get an apartment with poor credit, you need to first prove that you can afford the rental and make payments on time. Job stability is a major factor in whether a landlord will consider your application further, so be sure to show that… Read more »

Do All Landlords Do Credit Checks?

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Most landlords will do credit checks on perspective tenants, though some may choose not to. Anyone who’s trying to protect their income will likely want to make sure the person they’re renting their property to has a good history of making payments on time. If you’re concerned about a less-than-perfect score, you don’t necessarily have… Read more »

What is a Good Vantage Credit Score?

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A good Vantage Credit Score is any score over 700, with scores over 750 considered “excellent” credit. This differs from traditional FICO scoring system in that the stipulation for “good” credit skews higher. Under FICO, a good score would have been in the 670-739 range, but Vantage Score is stricter in how it determines good… Read more »

Best Practices for Screening Tenants

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We all know that one of the best ways to protect your investment is to carefully screen tenants before choosing who you’ll rent your property to. Trouble is, not every landlord or property manager knows how to do this effectively. Asking for a credit report is easy enough, but what exactly should you look for… Read more »

Can Landlords Require Credit Reports?

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There are many regulations that landlords must abide by, such as not discriminating by race, gender, or disability. Because many of these stipulations are required by law, it makes sense that some might wonder if it’s legal or ethical to require credit reports or specific credit scores from prospective tenants. This is an excellent question… Read more »