Credit References

[NorthernAlex]

Hi all.

I am changing a bit my Rent Application form and am now stuck with "Credit References" as I wonder why to keep them/how to use them.

My current question is:

Please list credit union, banks, types of accounts and other credit references.

How do YOU use these credit reference information? Shouldn`t the question be just to mention all accumulated current liabilities and where located?

 

[Nir]

we`re not a bank, for me a credit report without a recent collection, calling previous landlords and confirming income is enough.
I`m sure other investors do it differently. bottom line, no I don`t call bankers as part of a tenant application

 

[NorthernAlex]

Neil, thank you very much for your opinion. I see it the same way and will remove it from my form.

 

[brentdavies]

I removed that question from our applications.

You can only get information from the bank or company if they have signed a privacy act waiver. Many banks will not honor the form unless it their form.

Commerical tenants, we still get this information.

 

[maison09]

Thank you so much for your informative posts.

maison de credit