How credit reports are scored
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OBTAIN INSTANT, LOW-COST TENANT CREDIT REPORTS
- ONLY $9.95 (24 Hours A Day, 7 Days A Week)
- YOUR FIRST TWO CREDIT REPORTS ARE FREE!
- SENT TO YOUR COMPUTER SCREEN WITHIN SECONDS
- AVAILABLE WEEKENDS, AFTER HOURS & HOLIDAYS
- NO MINIMUM MONTHLY DUES REQUIRED
- EASY TO READ REPORTS & ACCESS OLD REPORTS ANYTIME IN THE FUTURE
* Terrorist Search
* Most Wanted Criminal Search
"Before you rent to ANY applicant. be sure you have reviewed his or her credit history. If they can't pay others promptly, it is a good bet they will not pay you."
Jeffrey Taylor, C.P.L. Editor, MR. LANDLORD
CLICK HERE if you are already familiar with our service terms and wish now to request a tenant credit report.
Through this website - www.mrlandlord.com, you can now request a copy of an applicant's SCORED credit report for a low cost of only $9.95 per applicant. A scored credit report is recommended because it greatly simplifies the process of analyzing the information on the credit report so that you can quickly and objectively determine if an applicant is qualified to rent from you. Your $9.95 cost for a scored report includes:
- One scored credit report, within seconds (24 hours a day, 7 days a week) appears right on your computer screen.
- Easy to read information containing current and previous addresses, employers where available, debt and payment obligations, public records, payment history and more.
FEATURED REPORTS AVAILABLE:
- COMBINED REPORT - for only $14.95
The Combined Reports includes both a credit report, FICO score and Social Security verified on credit data, PLUS an eviction report. When you order a COMBINED report for an applicant, the two-agency national eviction report only costs you five bucks over the already low-cost credit check report and includes searches for sex offenders, terrorists and most wanted criminals.
OTHER OPTIONAL REPORTS INCLUDE:
The report is a vital tool that landlords can use to locate a missing ex-tenant. This report can be used for the purpose of locating a person(s) to begin legal action or as a follow up tool if you already received a money judgment. The report not only may provide information if your ex-tenant has applied for credit anywhere, it may include rental application information from across the country if your former tenant has applied to rent from another landlord.
The use of Criminal Records as an additional part of your screening process will identify and eliminate applicants with serious criminal backgrounds possibly saving you from an enormous liability. Our criminal records are obtained through a multi-state system covering every state and every county throughout the United States.
FREQUENTLY ASKED QUESTIONS ABOUT THE QUICK CREDIT CHECK SERVICE
- Do I have to be a MrLandlord.com subscriber or member or can any landlord use this service?
ANY individual landlord or manager who visits the MRLANDLORD.com web site may use this service. There are no membership fees, no monthly minimum, nor monthly dues with this service. A nominal site inspection fee is required. (We help to offset that fee by providing your first two credit reports for FREE!) Any landlord or manager, who desires to request a credit report on an applicant, must first sign a Landlord Agreement that you will abide by Fair Credit Reporting procedures. Click below to be able to review that agreement. In addition, there are a couple of additional FCRA requirements we will need from you to setup your service account and assign you a user name and password.
This is a quick and nothing-to-fear inspection. A licensed inspector approved by the bureau will visit your home or office (wherever you primarily operate) to verify the following: 1. Measures are taken so that consumer credit files are protected from identity theft and can be stored securely in a locked (room, drawer, filing cabinet, safe, or password protected computer, etc) and shredder. 2. You are not operating an unauthorized business. A site inspection fee for running credit reports thru MrLandlord.com is only $59. Others sites charge from $75 to $99 and as much as $199 for an on-site inspection. And some companies charge a subscription or registration fee IN ADDITION the site inspection. MrLandlord.com does not charge any membership, subscription nor registration fees.
Because of tougher required guidelines by all major credit bureaus, be very leery of any tenant screening company that does not require an-on-site inspection. In almost all cases, the credit report that such a company will provide you is not the actual and complete credit report. The report is most likely only some type of summary and/or recommendation based on information from the credit report. To best judge and screen your applicants, you need to see more than just a "recommendation", you need to see the actual report in order to best analyze the payment history and type of payments an applicant has paid or not paid. Do not settle for just a summary or recommendation; make sure (before you mistakenly pay any money) that you will get to see the actual complete tenant credit reports.
There are some services that don't require the site inspection as mentioned above, but as stated, they do not provide you with the actual credit reports. And you may even find an individual or company that does not charge for a site inspection BUT charges you a higher price per report, perhaps $20 or 25 per credit report. Let's take a look at your potential expense. With just ONE vacancy during the year, let's say you only have to screen two potential couples. That's a total of four reports (one per adult). If you pay an individual or company who does not charge any inspection fee, but just $20 per report, you have spent $80 (4 x $20, assuming you don't have to request
any more reports. This total also assumes they don't charge a subscription or registration fee, which many do). If you used the MrLandlord.com service, you pay: $59 for the on-site inspection, your first two credit reports are free and you pay for the second two, $9.95 each. Your total expense is $79. Not only did you actually spend a dollar less with MrLandlord.com, but you start to come out ahead if you have to do any more online credit reports.
And the benefits are even greater when using MrLandlord.com compared with using an individual or company that does not provide on-line service. For services not online you are simply asking for frustrations. Trust me, you surely do not want to be dependent on individuals or companies that fax you the reports or you have to call when needed. Now you have to play the waiting game, an hour or two (or longer) for the fax response, or hope they are "open" to assist you when you need a report run immediately so you can get back quickly with an applicant. With MrLandlord.com, you will have the ability to run instant credit reports after business hours, weekends and on holidays, whenever you need it!
No, for one of the major credit bureaus, which provides the credit reports, this is a one-time process. Once your account is setup and user name and password assigned, you will be able to request instant online tenant reports 24 hours a day, seven days a week. As a FREE WELCOME BONUS for taking the time to setup your account and using this service your FIRST TWO credit reports are free!
Yes. In fact during the first year after signing up for the service, you may select from one of two major credit bureaus when requesting a tenant credit report or request a deluxe credit report package which includes credit reports from TWO major credit bureaus to increase the odds that you are best informed of negative credit findings of applicants.
That is the normal practice for most landlords. They charge each applicant a screening, application or credit check fee to more than cover the cost of the credit report.
We recommend the sample rental application available on MrLandlord.com because of numerous positive results by many of our visitors and because it includes statements that will grant you permission needed to run a credit and background check, plus employment verification, criminal history and more. The sample application also will help you identify many factors why an applicant is or is not acceptable as a qualified resident. However, if you have a rental application that contains the required statements granting permission to run a credit report and you prefer to use your own, you are free to do so. If you are a new landlord and need a sample application, scroll down the index on the MrLandlord.com home page and click Rental Application.
Yes, the report is provided in a very easy to read format. The FICO scores for each applicant will range from 300 to 900. The lower the score the higher the risk. If a resident has a low a score, you may want to require a higher security deposit (within state limits) or a cosigner. The higher the score, the more likely an applicant will NOT have money problems. Use this number to compare the scores of different applicants. You may also wish to set a certain score as the minimal acceptable score for your selection criteria. For example, many lenders set cutoff points -- 700 or above, for example -- as the minimum scores they will accept for their most attractive low-interest loans. Click here for additional information on how to interpret the score. Remember, however the FICO score is just one factor in the selection criteria, so be sure to read and review the complete report. And if you need help the first time, the service will be glad to assist you by phone.
The eviction reports are a great tool for discovering if prospective residents have been served and sued by previous landlords for not paying their rent, information that most often does NOT show up on credit reports. Therefore, if you're relying only on the credit report to make your screening decision, you may be missing vital eviction information to identify potential deadbeats. Did you know that a major study discovered that most major sources which provides eviction reports most often only finds 50% of the evictions connected with applicants? This means, if you only get the results from one eviction source provider, (which is all that most tenant screening services offer), you will probably miss half the eviction cases on any of your applicants. It is therefore highly recommended that you obtain eviction reports from TWO sources to increase chances you get more complete eviction history. And that is what you get (Two Eviction Reports for the price of one) when you request eviction reports from Credit Check services offered on MrLandlord.com. And industry first!
To read reviews and comments by other website visitors who are already using the service, click here.
No, the only thing you will need to run credit reports at MrLandlord.com is Internet access. There is no special software to download nor any special hardware to buy. Just use any computer with internet access from the convenience of your home or office 24/7
Yes. Call toll-free, 1-888-294-4640, between 9am and 5pm pacific time.
Hit the next CLICK!!
CLICK HERE if you wish now to request a tenant credit report, eviction report, social security trace, criminal report, or to report former tenants (who left owing you money) to all three major credit bureaus.