What is AmRent?
AmRent is a consumer reporting agency that specializes in providing resident screening services and consumer reports to landlords in the United States. Their reports include comprehensive eviction data, criminal records, and other relevant background information.
These reports help rental housing providers throughout the United States make informed decisions about approving or denying rental applications. While AmRent gathers and reports the data, it’s important to note that they don’t make the final decision on your rental application.
In alignment with the Fair Credit Reporting Act (FCRA), AmRent is responsible for ensuring the accuracy and fairness of the information they provide. The FCRA sets standards for the collection and use of consumer credit information, safeguarding consumer rights and privacy.
How AmRent Affects Your Rental Application Process
When you apply for a rental property, the landlord or property management company may use AmRent to run a background check, which may include a hard inquiry on your credit report. This is a standard practice in the rental industry to assess the potential risk of renting to a particular tenant. A history of responsible credit usage can increase your chances of being approved for a rental property.
AmRent’s involvement in the rental process, therefore, plays a crucial role in the decision-making of property management companies, influencing the outcome of your application.
Distinguishing Between Hard and Soft Inquiries
Hard Inquiries
A hard inquiry happens when you apply for new credit and the lender or creditor runs a credit check. Examples include mortgage, apartment, car loan, credit card, insurance policy, cell phone, and sometimes even job applications.
Although hard inquiries typically only drop your credit score by a few points, accumulating too many within a short time span can negatively impact your credit score.
Soft Inquiries
Soft inquiries, on the other hand, occur when a company checks your credit history as part of a background check. This can happen when a credit card issuer or lender checks your credit to prequalify you for an offer, or when an existing creditor monitors your current credit situation.
Unlike hard inquiries, soft inquiries do not impact your credit scores.
How long do hard inquiries stay on your credit report?
Hard inquiries can remain on your credit report for up to two years. Each time you make an inquiry, it is recorded by one or all of the three major credit bureaus: Equifax, Experian, and TransUnion.
Monitoring Your Credit Report for Unauthorized Inquiries
It’s essential to regularly review your credit report to ensure that all hard inquiries are accurate and authorized. If you notice any unfamiliar inquiries or suspect that an inquiry was made without your permission, contact AmRent to inquire about the specific creditor. The creditor’s name should be listed under the hard inquiry section on your credit report.
AmRent Contact Information
Address:
AmRent
250 E Broad St.
Columbus, OH 43215
Phone number: (800) 324-3681
Removing AmRent Inquiries from Your Credit Report
If you find that an AmRent inquiry or other negative marks on your credit report are inaccurate or unauthorized, you can seek professional help from credit repair companies like Credit Saint.
They can help you dispute and potentially remove inaccurate negative items from your credit reports, including inquiries, late payments, collections, charge-offs, foreclosures, repossessions, and bankruptcies.
Take Control of Your Credit Today
Improving your credit score and ensuring the accuracy of your credit report is crucial for your financial well-being. If you’re struggling with bad credit and want to learn more about your options, consider a free credit consultation with Credit Saint.
Visit their website and fill out the form to find out how they can help you take control of your credit and improve your financial future.
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