Do multiple rental credit checks lower credit rating?
Question by Awakening2007: Do multiple rental credit checks lower credit rating?
A tenant recently asked, if multiple credit checks by landlords when looking for an apartment would lower their credit score. I would think the answer is no, since it’s different than applying for credit cards ect. What do all of you say.
Best answer:
Answer by obe_dawg
Credit checks can lower credit rating if the person who lend it does not pay it back.
What do you think? Answer below!
1 Comment(s)
By Angela R on Jan 27, 2012 | Reply
Credit checks for any reason will lower your credit score at least temporarily. Whether you are looking to purchase a car or lease an apartment, every time a company checks your credit, it is listed on your credit report, and it will reduce the score. It does not matter if you default somehow on car loan or apartment lease. There was an NPR story on this awhile back, and you can probably get more info if you search their website.