Our Tenant Credit Check is a useful tool that can be used as a stand-alone service or in conjunction with our Individual Pre-Sue Reports.
If you are a private landlord you will appreciate how important it is to “know your customer” before entering into any agreement. Confirming who your tenant says he/she is and their ability to pay (employment check) is crucial. Equally, a tenant/customer credit check is a fundamental discipline that can help you to choose the right customer and protect your profit margins.
Statistically, tenants with adverse credit are nearly two thirds more likely to default on their rent than a tenant with a good credit rating*
*(Obtained from the Association of Residential Letting Agents (ARLA) 2016)
Our Tenant Credit Check is a detailed credit and background report that provides hard facts which could also reveal whether a prospective tenant has had any previous problems paying other financial commitments within the last 6 years.
Should you become unfortunate enough to encounter a bad tenant and wish to instigate proceedings, then our Tenant Credit Check can be a valuable means of helping you to assess your next move – or avoid such an encounter in the first place.