Is a credit check for renting the same as other credit checks for things like phones, mortgages, ect.?
I have passed a credit check for renting even though my credit history is poor. Whilst being checked they told me to tell them about all problems I have had with credit in the past. I did this but nothing showed up anyway. Are credit checks for other things different? Will my credit history show on other reports?
Tags: Check, Checks, Credit, ect., Like, Mortgages, phones..., renting, Same, things
There are multiple ways to run your credit, or proof of financial responsibility. If you apply for a loan or credit card, that is considered a “hard inquiry” on your credit and does affect your credit score negatively if you have too many of those on your credit history. Other companies like cell phones, DirectTV, car/home insurance companies, renting, etc use a different method of obtaining your credit information which is considered a “soft inquiry” and does NOT hurt your credit score. This soft inquiry basically just verifys if you pay your bills on time or not, and does not provide the vendor with all of your credit information.