Do landlords look at Equifax or TransUnion?

Landlords use Equifax, Experian, and TransUnion to review your credit report and score. There is no industry standard for apartments, but your landlord may prefer using one report over another.


Which credit report do most landlords use?

Experian®, considered one of the best solutions for tenant screening service providers, is currently the leading credit bureau for incorporating rental history data into credit reports and a top tenant verification service for landlords, property managers and real estate agents.

Do landlords use TransUnion?

With TransUnion SmartMove, a landlord can run a tenant credit check and a criminal background check online, in minutes. By getting better information about potential renters, you'll make better decisions and find Great Tenants.


Do landlords look at FICO or TransUnion?

Most landlords use FICO credit scores to determine if an applicant qualifies for an apartment. The typical categories for those scores are: Exceptional: 800 to 850. Very Good: 740 to 799.

Which credit bureau do landlords check?

Credit bureaus

Equifax, Experian and TransUnion offer several credit screening products for the rental market. These services may require an applicant to initiate the check, and generally count it as a soft inquiry, which doesn't affect credit scores.


Why Equifax, Experian, and Transunion Have Different Scores



Which credit bureau is used for housing?

The commonly used FICO® Scores for mortgage lending are: FICO® Score 2, or Experian/Fair Isaac Risk Model v2. FICO® Score 5, or Equifax Beacon 5. FICO® Score 4, or TransUnion FICO® Risk Score 04.

Do landlords check Experian?

Experian Tenant Screening Services

Landlords, real estate agents, commercial leasing agents and property management companies can quickly determine the risk of new tenant applicants by leveraging our credit data on more than 245 million individuals and 27 million businesses.

Why do landlords use TransUnion?

The TransUnion SmartMove report is a great resource that gives you a Resident Score that shows how reliable your tenant is likely to be. As a landlord or agent, it can be difficult to make an educated decision on how to find good tenants to rent your property.


Should I tell a landlord my credit score?

Yes. Most landlords will check your credit before renting to you. Before accepting a rental application, a landlord will want to gather as much information as possible regarding your ability to make your rental payments on time.

What is a TransUnion rental score?

TransUnion looks at an average lease of a year, and predicts, using a scoring range between 350 and 850, where 850 is the lowest risk, which tenants are at risk of being evicted, paying the rent late more than three times, and having insufficient funds.

Does TransUnion report rental history?

All three major credit bureaus — Equifax, Experian and TransUnion — will include rent payment information in credit reports if they receive it. Credit reports, in turn, provide the data that goes into your credit scores.


What is a good credit score to accept a tenant?

2) The Standard Requirement is 620 and Above

The average accepted credit score for a rental can vary greatly depending on the region, the property, and even your preferences. A good starting point for many landlords conducting a tenant screening seems to be at around a 620 or above to be eligible for consideration.

What is the lowest credit score to rent a house?

Most landlords are looking for a score somewhere between 600 – 650 since renters don't have the credit history of making mortgage payments to boost their credit score.

Do landlords do hard or soft credit checks?

Since landlords and property managers primarily want information on your credit history to determine your reliability to make on-time payments, these show up as soft credit checks.


Do landlords actually check credit?

A credit check is a basic but essential part of your screening process as a landlord, so you should do your due diligence. In the absence of credit history, you'll need to dig more heavily into an applicant's financial background to verify tenant identity, income, employment, and rental history.

How do I share my credit score with my landlord?

Securely Share Your Credit Report and Score

Experian Connect will allow you to purchase and view your credit report and score for $14.95 and then securely share it with potential landlords, rental agents, and property managers that you have granted access for up to 30 days from the date of purchase.

How do landlords choose tenants?

The priority for most landlords will be to find a long-term, reliable tenant who pays their rent on time and treats the property as their own. When choosing a tenant, you'll need to carry out a comprehensive reference check.


What does a landlord look for in a tenant?

Landlords or agents usually make checks to see if you're a reliable tenant who can afford the rent. They must also check your immigration status.

Which credit score is more important Equifax or TransUnion?

Equifax: Which is most accurate? No credit score from any one of the credit bureaus is more valuable or more accurate than another. It's possible that a lender may gravitate toward one score over another, but that doesn't necessarily mean that score is better.

Why is my Equifax score higher than TransUnion?

The main reason your TransUnion and Equifax scores may look different from one another is that the companies use different algorithms to compute your score.


What lenders use TransUnion only?

Which Banks Pull TransUnion Only?
  • Avianca.
  • Apple Card - Goldman Sachs Bank.
  • Barclays.
  • Capital One.
  • Synchrony Bank.
  • U.S Bank.


What is the minimum credit score most landlords accept?

“Each landlord is different, but most landlords and property managers look for a credit score above 600,” Fluegge says. FICO® and VantageScore® credit scores typically range from 300 to 850. An applicant with a higher credit score might be considered to have shown a pattern of managing their finances responsibly.

How accurate is Equifax on Credit Karma?

Here's the short answer: The credit scores and reports you see on Credit Karma come directly from TransUnion and Equifax, two of the three major consumer credit bureaus. The credit scores and reports you see on Credit Karma should accurately reflect your credit information as reported by those bureaus.


What is a good rental score?

Most individuals or companies renting an apartment want credit scores from applicants to be 620 or higher. People with credit scores lower than 620 may indicate a high risk of default on rent owed.

How do you pass a credit check on a rental?

How to pass a rental credit check
  1. Check your credit report before renting. ...
  2. Correct any errors on your report. ...
  3. Make sure you're on the electoral roll. ...
  4. Provide other proof of your credit history. ...
  5. Prepare a guarantor.