What to Do When a Landlord or Employer Asks to See Your Credit Report

April 19th, 2017 | Author:

[S]ometimes when you are filling out a rental or job application, you’ll come to a page that asks you to sign and authorize a credit check. Most people will sign it, hoping for the best if they have less than perfect credit. Even when you do sign it, you may wonder if that was the best course of action or if you should have refused or explained your situation.

Refusal to Allow a Credit Check

If you refuse to sign the authorization, you are basically saying goodbye to the rental unit or job. Many of these documents state that a credit check is a requirement for approval or consideration. Most employers and landlords will assume the worst if you refuse to sign it. Besides, your credit may not be as bad as you think, especially since many applicants don’t really understand that the employer or landlord is looking for.

What If You Have Bad Credit?

Should you alert them to your bad credit before they see it for themselves? Not necessarily. If the information is older and you have other positive credit listed, it would be best not to say anything. You don’t want to draw their attention to the negative information or give them a bad feeling to start with.

On the other hand, if your negative information includes a bankruptcy or judgments or if it is recent and vast, you may want to plead your case before they see it in writing. It’s best not to make a big deal or to sound like you are making excuses. You can say something like, “I noticed you wanted to see my credit report. Let me know if you have any questions about it. I had some issues in the past that I’ve worked through.” This lets them know to expect some information they aren’t going to like, but it also tells them you are aware of it and you’ve worked to correct the problem.

It can be hard to know whether to address the issue of credit problems with a potential landlord or employer. You may have to use your best judgment as to whether it will help or hurt your cause.

Newest Answers

What to Expect with VantageScore 4.0

May 22nd, 2017 | Author:
h

[V]antageScore announced it would have the latest version of its credit scoring model out for use sometime in the fall of 2017. Several updates expect to more accurately measure a person’s credit history. The Credit Balance One of the big changes in how balances on credit accounts will impact a person’s credit rating. Instead of […]

Continue Reading »

What to Consider with Annual Fee Credit Cards

May 19th, 2017 | Author:
h

[M]any credit cards come with an annual fee. In fact, people with bad credit often assume that’s the only kind of card they can qualify for. While it’s true that many cards have the fee, not all do. Before you apply for a card, you should consider the annual fee. Cards for Bad Credit A […]

Continue Reading »

How You Can Pay Off Your Mortgage Sooner

May 15th, 2017 | Author:
h

[T]he secret to financial independence and good credit is having enough money to live on and for emergencies. One way to ensure this is by reducing your debt. The biggest debt for many is with their home. A mortgage not only comes with a higher payment, but it is often set up for 30 years. […]

Continue Reading »

How to Protect Your Credit If You’re a Freelancer

May 3rd, 2017 | Author:
h

[B]ecoming a freelancer where you can work from home is a dream for many. It allows them the flexibility of making their schedule fit their life instead of working 9 to 5 and gives them the freedom to do what they want and be their own boss. However, it can also cost them financially if […]

Continue Reading »

The Basics of Budgeting

April 24th, 2017 | Author:
h

[W]hether you are just starting out on your own or just starting over, one of the most important things you can do is learn how to budget. Many people think they know how to budget, but they fail to stick with it. So, the goal is to not just create a budget, but to create […]

Continue Reading »

Revolving Credit or Installment Loans: Which is Better for Your Credit?

April 21st, 2017 | Author:
h

[I]f you’ve been learning about credit, one of the first things you’ll hear is you can’t get credit if you don’t have credit. It often seems to be a Catch-22; no one will give you credit so you can’t get established with a credit history so you can get new credit. With diligent effort, you […]

Continue Reading »

What to Do When a Landlord or Employer Asks to See Your Credit Report

April 19th, 2017 | Author:
h

[S]ometimes when you are filling out a rental or job application, you’ll come to a page that asks you to sign and authorize a credit check. Most people will sign it, hoping for the best if they have less than perfect credit. Even when you do sign it, you may wonder if that was the […]

Continue Reading »