Equifax Introduces Soft Credit Inquiry Checks for Tenant Screening
Soft credit inquiries do not impact a consumer's credit score like hard inquiries. Instead, they are credit checks that are typically only visible to the consumer, and are not used to calculate credit scores.
"In high-density markets, renters often apply to multiple properties before securing a lease," said
Equifax will provide credit reports with soft inquiries for the multi-family industry. The credit report continues to give property managers the same valuable consumer information they need to assess renters and mitigate risks without affecting an applicant's credit score.
"We are excited about the numerous innovations Equifax has introduced that allow us to better serve our multifamily clients, and perhaps more importantly, consumers," said
Additionally, other multi-family solutions offered by Equifax include income and employment verification, mobile identity and fraud solutions. For more information, please visit the Equifax Multi-Family Solutions web page.
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About Equifax
Equifax is a global information solutions company that uses trusted unique data, innovative analytics, technology and industry expertise to power organizations and individuals around the world by transforming knowledge into insights that help make more informed business and personal decisions.
Headquartered inĀ Atlanta, Ga., Equifax operates or has investments in 24 countries inĀ North America, Central andĀ South America,Ā EuropeĀ and theĀ Asia PacificĀ region. It is a member of
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