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 »
Posts Categorized: Credit Score
What is a Good Credit Score?
The way we judge what makes a good credit score is starting to change, especially with VantageScore becoming more popular, so it’s important to understand that the credit reports you receive from tenants might contain different information than you’re used to. First, you must check the report to determine of the three-digit number was determined… Read more »
Credit Check: Deciphering FICO vs Vantage Scores
As a landlord and business owner, you’ve likely become intimately acquainted with credit checks, credit scores and credit bureaus. That means you’re probably aware that the bureaus designed and released their own proprietary scoring model called the Vantage Score. While most lenders and property owners are still using FICO scores to determine an individual’s credit,… Read more »