When you decide to start renting a home to a tenant, you may be wondering if it's work doing a credit check. There are a few things to look at and if you want to minimize your risk, a credit check is a good thing to do. Here are a few things to know about doing a credit check.
If you decide to do credit or background checks, you need to make sure you do them on all potential tenants. This will help you to avoid discriminating against anybody or being accused of choosing a renter unfairly.
Which Credit Report Should You check?
Whether you do a full three report check or you just check one, you should know what all three reports will show. You can get a FICO score from any of the reports, however.
Checking all three reports