Cozy Credit Check Fee

Landlords can require renters insurance and renters have the option to purchase insurance through cozy.

Cozy credit check fee.

When tenants choose to use a credit or debit card there s a 2 75 service fee. Cozy helps landlords and tenants with fast credit checks background and eviction checks free online rent collection and easy tenant screening. What i don t like is that cozy kind of markets their credit and background check as free. Well it s free to you because the tenant has to pay for it.

The average policy costs about 20 month. Learn more about collecting rent. 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. So i tell my applicants up front if i accept you i will refund you the.

Reports are run as soft inquiries so they won t negatively affect applicants credit. When they pay with their bank account it s free. I don t know how common it is to have your tenants pay to have these checks done. There s nothing for you to do right now but we ll let you know before your account moves.

Learn more about the change. Credit reports are generated by experian and include the most current available credit information about an applicant. We ll keep you in the loop every step of the way. The price varies based on location and property.

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