Application Rejection
How much detail do you have to provide a prospective tenant when rejecting their apartment rental application?
The reasons for this rejection are low wages, new job, credit questions and major move up from current rental payment with no increased income. The bottom line is that I do not think they can afford it.
I would rather not get into a detailed discussion with the person over my reasons if I do not have to.
Any assistance would be appreciated
I don't know the 'right' answer but here's what I did. the ones I rejected due to their credit (22 & 29 lates in the credit bureau within the past 6 months) just got the form letter indicating rejected due in part to what was found in the credit bureau (this is their form letter that it spits out for me). the others just got a letter that said 'your application has not been accepted'. I gave no explaination at all,
I wonder if Fair Credit Act has something to say about your question ...
Here's a copy of rejection letter that we use after looking at application and credit report. (We use Mr. Landlord to pull credit reports) I'll see if Joel can put a copy in "freebie" section.
Prospective Tenant
100 Main St.
Charlotte, NC 28215
The decision by _______________ to not accept your application under our standard lease terms was made in part based on information contained in a consumer credit report obtained from Experian Consumer Assistance and/or aspects of your application that do not meet our requirements under our standard lease terms:
1. EMPLOYMENT/INCOME
Employment could not be verified Income could not be verified Local employment could not be verified Insufficient income
Irregular or temporary employment Other: ________________________________
2. APPLICATION PROBLEMS/DISCREPANCIES
Application unsigned Apartment rented to prior qualified applicant Application incomplete Other: ________________________________ False information
3. RENTAL HISTORY
Could not be verified Disruptive behavior reported Delinquent rental payment reported Other: ________________________________ Prior eviction reported
4. CREDIT HISTORY
Could not be verified Leins, garnishments, or judgment of record Unsatisfactory payment history Bankruptcy filing
Collection activity Other: ________________________________
We are hereby informing you of your rights under the Fair Credit Reporting Act, 15 U.S.C. Section 1681, et seq, as amended by the Consumer Credit Reporting Reform Act of 1996 (Public Law 104-208, the Omnibus Consolidated Appropriations Act for the Fiscal Year 1997, Title II, Subtitle D, Chapter 1).
You have the right to a free copy of this same report from Experian Consumer Assistance, if you make a written request to them within 60 days after you receive this notice.
Under the Fair Credit Reporting Act you have a right to obtain a copy of your credit report, dispute its accuracy or completeness, and provide a consumer statement describing your position if you dispute the credit report. If you believe your report is inaccurate or incomplete, you may call the consumer reporting agency at its toll free number listed below, or write to it at the listed address.
Any questions regarding your credit report should be directed to Experian Consumer Assistance.
****This URL Not allowed**** ONLINE CREDIT CHECKS does not have the ability or authority to make changes to a consumers credit report, only Experian has that ability.
The consumer reporting agency that provided the report can be contacted at:
Experian Consumer Assistance
P.O. Box 949
Allen, TX 75002
Phone: 888-397-3742
****This URL Not allowed**** ONLINE CREDIT CHECKS
6445 Sepulveda Blvd., 3rd Flr.
Van Nuys, CA 91411
(888) 294-4640
Sincerely,
Resident Manager
______________________
Thank you very much for your assistance