Cozy Credit Check Fee

Applicants verify their identities and pay for their own reports so you don t have to collect application fees.

Cozy credit check fee.

When tenants choose to use a credit or debit card there s a 2 75 service fee. Credit reports are generated by experian and include the most current available credit information about an applicant. I don t know how common it is to have your tenants pay to have these checks done. You further agree that you are requesting or viewing such reports solely for the purpose of prospective tenant screening and for no other purpose.

When they pay with their bank account it s free. 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. 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.

Reports are run as soft inquiries so they won t negatively affect applicants credit. The price varies based on location and property. Cozy helps landlords and tenants with fast credit checks background and eviction checks free online rent collection and easy tenant screening. There s nothing for you to do right now but we ll let you know before your account moves.

Learn more about the change. Landlords can require renters insurance and renters have the option to purchase insurance through cozy. The average policy costs about 20 month. Well it s free to you because the tenant has to pay for it.

Learn more about collecting rent.