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Reasons Why The Tenant's Credit Report Could Not Be Scored

FEW REASONS WHY THE TENANT'S CREDIT COULD NOT BE SCORED Here are a few possibilities and what you can do about them: Applicant's name does not match their Social Security Number WHAT YOU CAN DO? Confirm with the applicant their legal name and Social Security number. The applicant is young or a recent US Citizen and does not yet possess enough active credit WHAT YOU CAN D0? Ask for an extra initial deposit up front or have a parent co-sign the application and lease. The applicant has lived their life paying cash for everything and have not taken out any loans or had to pay any creditors. WHAT YOU CAN DO? Ask for an extra initial deposit up front to help protect yourself or have someone co-sign the application and lease. The applicant has previously had loans and debt, but has either closed all of his/her accounts WHAT YOU CAN DO? Ask your credit reporting agency if there are any additional details on why and when the accounts were closed. The applicant has previously had loans and debt, but filed for bankruptcy WHAT YOU CAN DO? Ask your credit reporting agency if there are any additional details on when the bankruptcy occurred and if there has been any additional debt or collections since then. The applicant has previously had loans and debt, but all accounts are now in collections. WHAT YOU CAN DO? Ask your credit reporting agency if there are any additional details on if these accounts are in collections and if they are still in collections with a balance. 25 E. Wright St. Suite 2503 Pensacola, FL 32501 StarPoint 877-330-2444 Tenant Screening www.starpointtenantscreening.com

Reasons Why The Tenant's Credit Report Could Not Be Scored

shared by starpoint123 on Mar 18
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There can be a few reasons why the tenant’s credit could not be scored.

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