Cozy Credit Check Fee

What i don t like is that cozy kind of markets their credit and background check as free.

Cozy credit check fee.

Learn more about the change. You further agree that you are requesting or viewing such reports solely for the purpose of prospective tenant screening and for no other purpose. By requesting or viewing applicant credit reports or background check reports you agree to comply with the fair credit reporting act and any applicable state laws governing the use of consumer reports. We ll keep you in the loop every step of the way.

When they pay with their bank account it s free. Learn more about collecting rent. I don t know how common it is to have your tenants pay to have these checks done. Pay for free with their checking accounts or for a 2 75 fee with their cards.

Landlords can require renters insurance and renters have the option to purchase insurance through cozy. So i tell my applicants up front if i accept you i will refund you the. Reports are run as soft inquiries so they won t negatively affect applicants credit. The average policy costs about 20 month.

When tenants choose to use a credit or debit card there s a 2 75 service fee. Credit reports are generated by experian and include the most current available credit information about an applicant. Well it s free to you because the tenant has to pay for it. Applicants verify their identities and pay for their own reports so you don t have to collect application fees.

It s 34 95 to complete both.