Are you looking to buy or rent? Either way call me...Gerry Marzillo 847 710-0865

Now did you fill out a credit application, along with the form "authorizing" them to pull your credit?

Hi,

They are looking at several things: Are bills paid on time?
Do you have court ordered judgements for non-payment?
What is debt to income ratio?(do your monthly payments take up too large a percentage of your income) Many landlords will not accept you as a tenant if the rent is more than 30% of your income, so if your monthly payments are too high, you would not be able to pay the rent.
Some companies also run a criminal history, or run the names through the national sex offender database.

They are running a full credit report on you, much like a lender would if you're buying. They are looking at your credit scores, credit history, default history, and the status of all your active accounts.

You would be wise to request a full copy of the report so you can use the opportunity to check for inaccuracies and make sure you aren't the victim of identity theft. In general, you should review this report 1-2 times a year.

Scott Newman
Newman Realty

They are checking for an overall credit rating/score. They need to make sure that you have been paying your bills, have no garnishments, etc. This is standard procedure for a property manager to check potential tenants.