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Visitor
EJC
Posts: 3
Registered: ‎11-25-2009
0

Landlord credit check

Do most landlords check your credit score these days? If they do, is that a hard inquiry on my score and it possibly goes down?

Valued Contributor
parakleet
Posts: 1,143
Registered: ‎04-13-2013
0

Re: Landlord credit check

From my experience, yes, they do a credit check. I just apped for an apartment this weekend and I got a SW alert for a HP.

Gardening since 7/16/14
Current: EQ 711 7/13/14; EX 724 TU 721 6/19/14
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Visitor
EJC
Posts: 3
Registered: ‎11-25-2009
0

Re: Landlord credit check

Sorry, new to these discussions - whats a SW and HP?

Moderator Emeritus
llecs
Posts: 32,881
Registered: ‎08-04-2007
0

Re: Landlord credit check

Welcome to the forums!


Common Abbreviations

SW = ScoreWatch

HP = Hard Pull (e.g. a hard inquiry)

Established Contributor
electra
Posts: 573
Registered: ‎10-21-2012
0

Re: Landlord credit check


EJC wrote:

Do most landlords check your credit score these days? If they do, is that a hard inquiry on my score and it possibly goes down?


Typically, yes, a landlord will want to do a credit check and if they do it themselves it will be a HP which will negatively impact your score.  This is especially bad if you live in an overheated rental market like where I live and chances are you'll have to take multiple pulls before getting a place because of stiff competition.

 

What I've been able to do is print out a report from myFICO and give them the first few pages instead of having them pull.  You might try that. If you pull it yourself, it's a SP, no impact.



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Established Contributor
ezdoesit
Posts: 1,009
Registered: ‎03-16-2013
0

Re: Landlord credit check

What I've been able to do is print out a report from myFICO and give them the first few pages instead of having them pull.  You might try that. If you pull it yourself, it's a SP, no impact.

 

Exactly what electra said I have also done this in the past most of the time they don't mind becauce it saves them time also why should a Landlord care it has your name, date of report.  I would try that first and see if they object.

Established Contributor
namvet
Posts: 866
Registered: ‎09-22-2011
0

Re: Landlord credit check

Yes they do credit checks as well as background checks.  I don't think the inquiry will cause any serious damage to your score.

Visitor
EJC
Posts: 3
Registered: ‎11-25-2009
0

Re: Landlord credit check

Thanks for the advice - thats a great idea to pull it myself and not get dinged!


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