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

Why Your Credit Score Matters If You’re a College Student

November 17th, 2017 | Author:
h

[Y]ou don’t have much money and any you do have goes towards paying your college expenses. You may wonder why a credit score even matters at this stage of your life. If you haven’t given it much thought before, you need to become aware of it now. Your Future Depends On It Your credit rating […]

Continue Reading »

What You Should Know about Credit and Car Insurance

November 15th, 2017 | Author:
h

[I]f you have poor credit, you probably know it will impact your ability to get a credit card or loan. However, it can also influence how much you will pay for car insurance. The connection between credit rating and car insurance may seem odd to consumers, but it is an essential combination for insurers. Taking […]

Continue Reading »

What You Need to Know about Disputing Information on Your Credit Report

November 13th, 2017 | Author:
h

[I]f you check your credit reports, there is a good chance that you might find an error. Statistics show that one in five credit reports contain errors. That’s not good news for consumers who rely on credit reports for new credit and loans. However, you can dispute any errors and get them corrected. How to […]

Continue Reading »

What You Must Consider about Consolidating Debt

November 10th, 2017 | Author:
h

[Y]ou have a hard time keeping track of the bills you have to pay. With multiple credit cards and more than one loan, it’s a wonder you keep it all straight. You may wonder if a debt consolidation loan is right for you. Before you go this route and try to find a way to […]

Continue Reading »

Understanding What Charged-off Means

November 8th, 2017 | Author:
h

[I]f you’ve looked at your credit report recently, you may have noticed that an account says Charged Off. You may not be sure what that means for you and for your credit score. It’s an important term you should understand to help you improve your credit score. A creditor will charge off your account if […]

Continue Reading »

Start Saving for the Holidays Now

November 6th, 2017 | Author:
h

[I]n reality, you should have a savings plan all year long for the holiday season. However, it’s never too late to start. Whether you buy gifts for a lot of people, host dinners or just go out and enjoy all of the holiday activities, it usually costs a lot of money during this time of […]

Continue Reading »

How Unemployment Benefits Can Help

November 3rd, 2017 | Author:
h

[W]hile you may be aware of unemployment benefits if you lose your job through no fault of your own, you may not think you qualify or will be able to get them. However, they can be a lifeline until you are back on your feet with a new job. File ASAP Many people don’t get […]

Continue Reading »