Investor · Fort Lauderdale, FL · Member since 2012 · 1k+ posts · 465 votes
Has anyone used this service.
I have not used this one so I tired it and I am a bit perplexed at the results.
Credit score = 651...OK not good, not bad, nothing to scare me away.
No criminal history no bankruptcies.
No 30, 60, 90 days late.
No eviction records.
BUT six collections all within last two years. All seems to be credit cards, total of around $5000.
Applicant said she moved out of town for a while but was not able to find work, and has moved back and now living with a friend. She told me this prior to filling out application.
DOES have a job now that's 2x rent - verified.
With six collections, tenantbackgroundsearch.com official recommendation is a go "...they meet the credit requirements for the property. No additional conditions should be necessary other than standard deposit..."
I tried to call a prior landlord today but got voice mail, will try again tomorrow.
But it was surprising to me that TBS will recommend to rent with six recent collections.
You guys don't do 3x rent down there to qualify? Anyways I had a colleague use this service once or twice before, it seemed to do a decent job. I think he did the higher fee for the search option.
The story sounds plausible. Two times rent doesn't sound like applicant has a financial cushion, especially in light of collection status.
Previous landlord is a great indicator but my guess is your place is too expensive for applicant.
It does not matter what does matter. They are offing service they cannot provide. Look at their website on the front page and see if you spot something that stands as a red flag.
It does not matter what does matter. They are offing service they cannot provide. Look at their website on the front page and see if you spot something that stands as a red flag.
Joe Gore
??? you mean the FICO score?
The process is a couple of locked steps, and one of them involved the applicant on their end to authorize certain steps so technically it was the applicant who authorized the pulling and release of that information. Or are you talking about something else?