Why Renters Should Run Their Own Credit Reports

Renters should run their own credit reports and why it is beneficial for both the landlord and the renter

Applicant credit post

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:

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