Landlords often pull tenant credit checks in Canada as part of the screening process. This is because a good credit score can indicate someone who is reliable and financially responsible. Some Housing Providers fear a Tenant with poor credit may be more likely to default on rent or damage the property.
For these reasons, it’s important for Tenants to make sure their credit score is in good shape, before applying to rental properties. There are a few simple steps that Tenants can take to improve their credit score, such as paying bills on time, maintaining a good credit history, and having their rent reported to Credit Bureaus each month. By taking these measures, Tenants can increase their chances of being approved for a rental property.
When Landlords are ready to perform a credit check on a Tenant they will need the following: Name, Address, Date of Birth, and SIN (optional). The best way to get this information is to have the applicant fill out a Tenant credit check authorization form.
To perform a credit check on a Tenant visit FrontLobby.com
FrontLobby’s Tenant credit checks are designed for the rental industry, featuring all the information you need at an affordable price (just $9.99/report).