Cozy Credit Check Fee

By requesting or viewing applicant credit reports or background check reports you agree to comply with the fair credit reporting act and any applicable state laws governing the use of consumer reports.

Cozy credit check fee.

Pay for free with their checking accounts or for a 2 75 fee with their cards. There s nothing for you to do right now but we ll let you know before your account moves. It s 34 95 to complete both. What i don t like is that cozy kind of markets their credit and background check as free.

Landlords can require renters insurance and renters have the option to purchase insurance through cozy. So i tell my applicants up front if i accept you i will refund you the. When tenants choose to use a credit or debit card there s a 2 75 service fee. The price varies based on location and property.

Credit reports are generated by experian and include the most current available credit information about an applicant. When they pay with their bank account it s free. Reports are run as soft inquiries so they won t negatively affect applicants credit. You further agree that you are requesting or viewing such reports solely for the purpose of prospective tenant screening and for no other purpose.

Learn more about the change. Applicants verify their identities and pay for their own reports so you don t have to collect application fees. Cozy helps landlords and tenants with fast credit checks background and eviction checks free online rent collection and easy tenant screening. Well it s free to you because the tenant has to pay for it.

I don t know how common it is to have your tenants pay to have these checks done.