CREDIT REPORT MAINTENANCE

  • 3 years ago
  • 1

When applying for a rental home, it is important to make sure your credit score is at a place that will be acceptable. The last thing you want is to lose the property because you have a poor credit rating.

Keeping your score at a high level will not only help when you are renting, but will also help, when you decide to buy your own home.

Renting a home and taking good care of the property, will also help build your personal references as well.
It gives you a sense of pride when you take good care of any home as a renter or owner.
Property Managers look for potential renters that have great references in all areas, whether credit, employment or past landlord references. Any reputable company takes great care when screening all potential applicants.
Sometimes, it can be the difference of a stronger credit score that will land you that property you love.
This intense process protects everyone concerned in the scenario and helps build a trusting and lasting relationship. Everyone wants a good credit foundation and that is developed through many years of hard work and often monetary sacrifice.

West Vancouver home owners rely on their Property Management team to take the time and energy to match up their prized possession homes with the perfect tenants.

Many banks and financial lenders monitor your credit score when they are trying to figure out what to charge you in interest rates. As an example, when you decide to purchase your first car and you need to apply for a loan, the first thing the bank will do is check your credit score. The lower your actual credit score is the more you will end up paying in interest.
If you are not sure what your credit score is, you can check it out at several different websites.
www.transunion.ca
www.equifax.ca

Keep in mind, some websites do charge for this service. The website below will help you to understand and read your credit score.

http://www.fcac-acfc.gc.ca/eng/resources/publications/creditloans/pages/understa-comprend-1.aspx

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