Heading into the rental market, you may face stiff competition. One way to give yourself a leg up is to make sure you can pass a rental credit check without any issues.
Landlords often run background and criminal checks as well, but a credit check will provide landlords with the answer to what a successful rental business needs to know: can you pay the rent?
The most critical step in the screening process for many landlords is to look at an applicant's credit history to make sure there isn't a financial risk to renting to them.
Landlords can ask applicants to provide Social Security Numbers or Individual Taxpayer Identification Numbers so that they can complete credit and background checks.
A credit report will provide a landlord with an overall picture of a potential renter's financial history. A good credit report reassures landlords that the applicant can pay their rent on time.