As a landlord, obtaining and reviewing a prospective tenant’s credit report is an important part of the screening process. In the past, receiving a copy of a tenant’s credit report could prove costly, but free credit reports are now available, offering a number of potential benefits for landlords.

Most notably, a free credit report can aid landlords in making an informed decision about potential renters. When evaluating a potential tenant’s application, landlords can assess the individual’s creditworthiness and determine if they can rely on them when it comes to timely rent payments. The report also provides a comprehensive look into an applicant’s credit history, offering landlords a better understanding of how responsible the applicant has been in managing their debt.

The availability of free credit reports also allows landlords to save on the cost of screening tenants. While some landlords opt for more comprehensive background checks, free credit reports can provide landlords with the information they need to make a well-informed decision about any potential tenants. This can save landlords both time and money by eliminating the need for any additional screening services.

Lastly, free credit reports can help landlords ensure they are in compliance with the Fair Credit Reporting Act (FCRA),