What is AAOA Credit?
AAOA, or the American Apartment Owners Association, is an organization that offers tenant screening and credit check services for landlords, property managers, and real estate agents. When you apply for an apartment, AAOA Credit might appear as a hard inquiry on your credit report, as they perform a credit check to help landlords make an informed decision.
Distinguishing Between Hard and Soft Inquiries
To better understand the effects of AAOA Credit on your credit report, it’s essential to differentiate between hard and soft inquiries.
Hard Inquiries: Effects on FICO Score
A hard inquiry occurs when a lender or creditor checks your credit report upon your request for new credit. This can happen during applications for mortgages, apartments, car loans, credit cards, insurance policies, cell phones, or job applications. Although hard inquiries generally cause a slight drop in your FICO score, having too many within a short period can lead to more substantial damage.
Soft Inquiries: No Impact on FICO Score
Conversely, a soft inquiry happens when a company checks your credit history as part of a background check or prequalification process, or when an existing creditor reviews your credit situation. Soft inquiries do not affect your FICO score and are not visible to other creditors or lenders.
How long do hard inquiries stay on your credit report?
Whether you get approved for the apartment makes no difference. The hard inquiry will remain on your credit report for up to 2 years. Each time you make an inquiry, it is recorded by one or all of the three major credit reporting agencies: Equifax, Experian, and TransUnion.
Identifying Unauthorized Inquiries
It’s crucial to monitor your credit report for any unauthorized hard inquiries. If you find an inquiry that you didn’t initiate, contact AAOA immediately to address the issue. Make sure to provide the creditor’s name as listed in the hard inquiry section of your credit report.
AAOA Contact Information
23801 Calabasas Rd, Suite 1022
Calabasas, CA 91302
Phone number: (866) 579-2262
Removing AAOA Credit Inquiries
If you believe an AAOA Credit hard inquiry should not be on your credit report, professional credit repair services like Credit Saint can help. With years of experience and a proven track record, they specialize in disputing and potentially removing negative items from your credit report, including unauthorized hard inquiries.
In addition to hard inquiries, Credit Saint can also help you dispute and possibly remove the following negative items from your credit report:
- late payments
- charge offs
Regaining Control of Your Credit
If you’re struggling with poor credit due to hard inquiries or other negative items, consider a free credit consultation with Credit Saint. Their expertise in credit repair has aided countless individuals in similar situations to regain control of their credit and improve their financial outlook.
Visit their website and fill out the consultation form to learn how they can support your credit repair journey.
Ready to Raise Your Credit Score?
Learn how credit repair professionals can assist you in disputing inaccuracies on your credit report.
Crediful is your go-to destination for all things related to personal finance. We're dedicated to helping you achieve financial freedom and make informed financial decisions. Our team of financial experts and enthusiasts brings you articles and resources on topics like budgeting, credit, saving, investing, and more.