How Do I Qualify to Receive Credit Reports?

By E-Renter Tenant Screening
Posted on October 21, 2008 under FCRA Issues | Be the First to Comment

Each of the three national credit bureaus have slightly different requirements for qualification to receive credit reports on tenant applicants, but the essential elements are similar.

• Any company who wants to continue to receive applicants’ actual credit reports and FICO scores must have an inspection of the office where those reports are accessed and stored. Each of the credit bureaus requires that inspection be performed by an approved third party. The details of the inspection can be provided by the company who will be performing the inspection, but include proper security of files and verification of the type of business being conducted at that location.
• Additionally, it is now required that customers requesting credit reports provide identification and proof of property ownership.