ApplyConnect Offers Complete Credit Checks on Renters at no Cost to Anyone Offering Real Estate Rentals

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CIC has officially launched a unique new system for rental property owners that provides 24/7 access to Experian credit reports with VantageScore® 3.0. The System Offers Nationwide Criminal Records and Nationwide Eviction Records, is absolutely free for landlords, real estate agents, and property management companies, and does not impact an applicant’s credit score.

Renter Credit Checks for Individual Landlords and Real Estate Agents

ApplyConnect

Prospective tenants will be able to share their information quickly and confidentially.

Contemporary Information Corporation (CIC), a nationwide tenant screening company with 28 years of real estate rental industry experience, announced today that it has launched a new, consumer initiated tenant screening service. ApplyConnect helps landlords, real estate agents, and property managers find the best renters to fill their vacancies. CIC has contracted with Experian, the leading global information services company, to provide consumer credit reports with a VantageScore 3.0 credit score as part of the ApplyConnect system.

The ApplyConnect system is unique in its ability to provide a credit report along with a VantageScore 3.0 credit score. The VantageScore 3.0 is a post-recession, consumer credit scoring model that uses a more familiar scale, more granular data and can score 30-35 million more consumers who are typically unscoreable. In addition to this credit report and score, users have access to a national search of criminal records. The search accesses court records across the country, including the sex offender registry, and the Office of Foreign Assets Control for known drug traffickers and terrorists. ApplyConnect reports will also investigate a nationwide eviction database to provide users with information about whether a renter has a history of eviction case filings.

Historically, the residential background check industry has required users to commit to monthly minimums. The ApplyConnect system maintains all security requirements providing a completely secure way for consumers to share their Experian credit report and background check with only those they choose. The best part about the entire process is that it is free for those offering real estate rentals -- no physical inspection fees, no monthly fees and it’s available 24/7.

Rental applicants will love that as a consumer initiated inquiry, their credit score will not be impacted. The renter initiates the report, pays for it upfront and grants permission to the landlord to view it. It’s a win-win.

“Experian is pleased to be working with CIC on enhancing its rental screening process to help mitigate financial risks with potential tenants,” said Russell Bartlett, vice president of marketing at Experian. “By incorporating the Experian ConnectSM API into the ApplyConnect system, CIC will be able to lease with confidence and prospective tenants will be able to share their information quickly and confidentially.”

Anyone offering real estate rentals interested in learning more about ApplyConnect can do so by visiting http://www.ApplyConnect.com.

VantageScore® is a registered trademark of VantageScore Solutions, LLC.

Experian and the Experian marks used herein are service marks or registered trademarks of Experian Information Solutions, Inc.

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