Landlords and the Fraud Rental Game
TVS is an effective tenant screening service that will help you prevent fraud and reduce income loss.
The applicant's Social Insurance Number is validated on the
reports that TVS obtains for you, so if the number shown on your rental application is not
valid, you will know. Fraudsters often provide false information that includes the wrong date of birth
and misspelling of their last name. The SIN will generally pull up a file even though false
information has been given; this is one way to determine the identity and truthfulness of your
Prospective Tenant.
Little or no credit history = red flag. Click Here for the reasons why!
TVS obtains a full credit report for site inspected members that includes a current and previous address where reported, current & previous employer where reported, liens, collections, civil judgments and bankruptcies. It includes Credit Grantor information which shows account pay habits. The credit score associated with the credit report is an indicator of a good OR problematic credit history.
A Summary Credit Report is obtained for non-site inspected members that identifies the applicant, provides a credit score based on the credit account activity and gives a recommendation. 95% of TVS members use this report. This tenant check determines credit worthiness the same as a full credit report.
TVS also recommends that you record & report the pay habits of your high & low risk tenants. TVS members can join The Landlord Credit Bureau at no cost and report rent payments free of charge. This information will be reported to the credit bureau for inclusion on your tenant's consumer credit profile. Please visit www.landlordcreditbureau.ca for more information.
Without TVS you risk renting to tenants who may be playing the fraud rental game, and have intent to use you as part of their revolving line of credit. The TVS Landlord check list will help you minimize your risk.
