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How will a Credit Check impact my Credit Score?

The impact of a Credit Check varies by country.

The impact of a Credit Check varies by country and is often a requirement for renting a home. 

Canada:
  • Credit Checks are soft inquiries
  • They appear on the credit file but do not impact the Credit Score

United States:

  • Tenant Screening Credit Checks are hard inquiries
  • They may cause a small, temporary impact on the applicant’s Credit Score
  • Key details:
    • Impact typically lasts up to 12 months
    • Inquiries make up only ~10% of a credit score
    • All inquiries are removed from reports after 3 years
    • Multiple inquiries from different creditors in a short time have the biggest impact
For most applicants, the impact is minimal and temporary, making Tenant Screening a low-risk process.