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How to Rent an Apartment With No Credit
https://www.sofi.com/learn/content/how-to-rent-an-apartment-with-no-credit/
Many landlords will only consider prospective tenants with decent credit scores. However, some private landlords who are eager to fill empty rentals quickly may advertise “no-credit-check” apartments. In other cases, smaller family-owned buildings just don’t have the same documentation requirements as bigger complexes handled by property managers or brokers. Even if the building you’re interested […]
Is It Illegal To Check Someone Else’s Credit Report?
https://www.sofi.com/learn/content/is-it-illegal-to-check-someone-elses-credit-report/
Yes, in most cases it’s illegal to check someone else’s credit report. The Fair Credit Reporting Act (FCRA) is a federal statute that defines and limits who can receive credit-related information. The act lists legal reasons why someone’s credit can be checked; therefore, it is illegal for an individual or organization to check someone’s credit […]
Why Landlords Run Credit and Background Checks on Potential Tenants
https://www.sofi.com/learn/content/tenant-credit-and-background-check/
If you’re looking to rent an apartment or house, the landlord may require a tenant background and credit check. These checks primarily serve to verify an applicant’s personal information and show landlords whether the tenant can afford the monthly rent payments. However, landlords may also screen prospective tenants for previous evictions, criminal behavior, and evidence […]
Does a Background Check for Employment Include a Credit Check?
https://www.sofi.com/learn/content/does-a-background-check-include-a-credit-check/
Employers can approach background checks in different ways. In some cases, credit reports are included. A job background check may include a credit check in certain industries, such as banking and security. The size of the company can be a factor, too: Large corporations are more likely to conduct a credit check than a small […]
Setting Up a Credit Card: What to Consider First
https://www.sofi.com/learn/content/how-to-set-up-a-credit-card/
Setting up your first credit card is a major money milestone: When you get one, you join the more than three out of four Americans with plastic in their pocket. A credit card can allow you to buy goods and services pretty much whenever, wherever you like. You’re starting on an important credit-building journey as […]