Get a tenant credit check without the tenant’s involvement

Running a credit check on a tenant can provide landlords with useful information that they otherwise wouldn’t know from the routine application process. When things like bankruptcies or judgments show up during a tenant credit check, it helps inform you as a landlord to make the best decisions when it comes to who you’re renting to.

Other online tenant credit check companies (like SmartMove) that provide full credit reports always require the tenant to respond to an email and create an account. This is due to an FCRA regulation that requires a complicated authentication process.

At RentPrep, our credit check reports allow landlords to access credit information without pulling the full report. This means there is no tenant involvement and no risk that you'll lose an interested applicant because they haven't completed their task of creating an account. Running a credit check on a tenant has never been simpler.

Since you will be receiving sensitive credit information, there is a minimum credentialing process the credit bureaus require. This is a one-time step for first-time orders, and includes sending us the following information:

  • A copy of your driver’s license
  • A copy of the signed rental application
  • Proof that you own or manage property. This can be as simple as a mortgage statement, deed, county assessment, homeowners insurance policy, management agreement or anything that identifies you as the owner/manager. You only need to choose one, and it covers you for all properties and future orders.

Tenant Credit Checks can be added to any RentPrep background check for $9.95. Here’s what you’ll get:

  • A “Pass” decision if the tenant meets your minimum FICO Score criteria
  • A “Fail” decision if the tenant’s FICO score is below your criteria
  • A list of reasons why the tenant failed. This typically includes explanations direct from the credit report like “Serious delinquency” or “Amount owed on balances is too high“. This allows you to see the credit behaviors that are causing a low FICO Score.

You will only receive a Pass or Fail decision based on the table below:

Rating FICO Score Bankruptcies Judgments
700-860 0 Bankruptcy 0 Judgments
650-860 1 Bankruptcy 0 Judgments
600-860 1 Bankruptcy 0 Judgments
500-860 1 Bankruptcy 1 Judgments
450-860 1 Bankruptcy 2 Judgments
0 Stars 397-860 1 Bankruptcy 3+ Judgments
Note: The number of bankruptcies and judgments is the allowable limit for an "Approved" decision.  

You will also receive the FICO Classic 04 scores that were an affecting factor in your applicant’s score

You can view the codes and their explanations below:
Code Explanation Code Explanation
000 No adverse factor 020 Length of time since derogatory public record or collection is too short
001 Amount owed on accounts is too high 021 Amount past due on accounts
002 Level of delinquency on accounts 022 Serious delinquency
003 Proportion of loan balances to loan amounts is too high 024 No recent revolving balances
004 Lack of recent installment loan information 026 Number of bank revolving or other revolving accounts
005 Too many accounts with balances 027 Too few accounts currently paid as agreed
006 Too many consumer finance company accounts 028 Number of established accounts
007 Account payment history is too new to rate 029 No recent bankcard balances
008 Too many inquiries last 12 months 030 Time since most recent account opening is too short
009 Too many accounts recently opened 031 Amount owed on delinquent accounts
010 Proportion of balances to credit limits is too high on bank revolving or other revolving accounts 036 Payments due on accounts
011 Amount owed on revolving account is too high 038 Serious delinquency, and public record or collection filed
012 Length of time revolving accounts have been established 039 Serious delinquency
013 Time since delinquency is too recent or unknown 040 Derogatory public record or collection filed
014 Length of time accounts have been established 041 No recent retail balances
015 Lack of recent bank revolving information 042 Length of time since most recent consumer finance company account established
016 Lack of recent revolving account information 050 Lack of recent retail account information
017 No recent non-mortgage balance information 056 Amount owed on retail accounts
018 Number of accounts with delinquency 097 Lack of recent auto loan information
019  Date of last inquiry too recent

With RentPrep, running a tenant credit check is a quick and painless process. All you need to do is sign up, and you can leave the rest to our FCA Certified Screeners. You’ll have the completed credit check report in your hands in no time!

Do you know who you’re renting to?

Find Out Now

Signup takes seconds.