What is RentGrow?
RentGrow is a company that specializes in providing resident screening services for property management firms. They offer a range of services to help property owners and managers make informed decisions about potential tenants, ensuring that they are a good fit for their rental properties.
Some services provided by RentGrow, Inc. include credit checks, rental history verification, and criminal background checks. They gather information from various sources, such as credit reporting agencies, rental history databases, and public records, to create comprehensive tenant screening reports.
You may see RentGrow on your credit report as a hard inquiry. This usually happens when you submit an application (or act as a cosigner) for an apartment.
Hard Inquiries vs. Soft Inquiries
Hard inquiries occur when a lender or creditor checks your credit as part of an application process. In contrast, soft inquiries happen during background checks or when a creditor checks your credit without you specifically applying for a new line of credit. While hard inquiries can have a minor negative impact on your credit score, soft inquiries do not affect your score at all.
The Impact of RentGrow Inquiries on Your Credit
When you apply for a rental property and your prospective landlord uses RentGrow’s services, it may result in a hard inquiry on your credit report. Although a single hard inquiry is unlikely to have a significant impact on your credit score, multiple inquiries within a short period can cause your score to drop. It is essential to be aware of the inquiries on your credit report and to keep them to a minimum when possible.
How long do hard inquiries stay on your credit report?
Whether you get approved by RentGrow 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.
Addressing Unauthorized Inquiries
It’s important to regularly review your credit report and keep an eye out for any unauthorized inquiries or inaccuracies. If you find an unauthorized inquiry from RentGrow or any other company, it is crucial to take action to address the issue.
Contact the company involved and request an explanation, and if necessary, dispute the inquiry with the credit reporting agency. Maintaining accurate records on your credit report is essential for maintaining a healthy credit score.
RentGrow Contact Information
Address:
RentGrow, Inc.
177 Huntington Ave Ste 1730
Boston, MA 02115-3153
Phone number: (800) 898-1351
Professional Help with Credit Report Inquiries
If you’re struggling with negative items on your credit report, professional help is available. Credit Saint, for example, specializes in removing inquiries and other inaccurate negative marks on credit reports.
They have a long history of success and can help you navigate the process of disputing and potentially removing items such as late payments, collections, charge-offs, foreclosures, repossessions, and bankruptcies.
Take Action to Improve Your Credit Score
Taking control of your credit report and addressing any issues, including RentGrow inquiries, is an important step towards improving your overall credit health. Seeking assistance from a reputable credit repair company like Credit Saint can help you navigate the process and make a real difference in your financial future.
Visit their website and fill out the form to see what they can do for you. Remember that maintaining a healthy credit score is vital for accessing the best financial opportunities, from renting a home to securing a mortgage or obtaining favorable interest rates on loans and credit cards.
Ready to Raise Your Credit Score?
Learn how credit repair professionals can assist you in disputing inaccuracies on your credit report.
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