Renters should run their own credit reports and why it is beneficial for both the landlord and the renter
Traditionally, when a renter applies for a rental listing, he or she fills out an application and provides personal information such as a social security number (SSN) to the landlord. The landlord would then take that data to a credit reporting service to run the applicant’s report.
Now, think about how unsecure and unsafe that process is.
The renter is handing over his/her most personal and confidential information to a landlord who, in many cases, is a total stranger.
The landlord is responsible for safekeeping the renter’s private information. Improper handling and protection of this information can result in identity theft (the #1 crime in America affecting 15 million victims a year). In such an occurrence, the landlord could be held liable.
There is a better way! Renters should run their own credit reports and why it is beneficial for both the landlord and the renter: