Phone: 866.910.1503 Fax: 866.271.2570 www.TenantScreen.org Office Hours: Email: TenantScreen@Gmail.com 9 a.m. – 5 p.m. Est. std
Thank you for
your interest in U.S. Real Estate Investors Association.
U.S.R.E.I.A.
offers landlords and easy alternative to prescreen there perspective
tenants.
We can be
located on the web at www.TenantScreen.org / www.TenantReports.org
How to get
started:
To become a
member of U.S.R.E.I.A is simple !!!
1. A completed
membership application form
2. Drivers
License and or State issued Identification Card
3. Proof of ownership / Tax assessment record
4. Credit Card Authorization sheet
For a low annual
membership fee of $10 you will get unlimited access to all products and services offered by U.S. Real
Estate Investors Association
All that is
needed from your prospective tenant
1. A completed authorization sheet
2. A copy of their valid drivers license and or state issued
identification card.
All requests and
applications to become a customer can be faxed to 866.271.2570
Pending on the
products requested, the reports will be faxed back to the fax number that you
request within 1 hour.
There are no
monthly minimums, or yearly volume minimums.
All prices for
products are based off each report accessed.
As
mentioned, there is an annual membership
fee due at date of sign up, and recurring on the June 30 of each new year.
Phone: 866.910.1503 Fax: 866.271.2570 www.TenantScreen.org Office Hours:
Monday - Friday Email: TenantScreen@Gmail.com 9 a.m. – 5 p.m. Est. std
Products and Services
Credit Reports
- Includes a Risk Score, from either 1,2 or all 3 national credit
bureaus.
(Trans
1 Credit Bureau $20
2 Credit Bureaus $25
3 Credit Bureaus $30
Criminal Background Checks:
State
Wide $
6
Nationwide $15
*** Included in check: Sex
Offender / Felonies / Incarcerations
Eviction Report (Statewide Only): Offenses filed in tenant court
Pre Employment Credit Reports
1 Credit Bureau $15
2 Credit Bureaus $20
3 Credit Bureaus $25
Business Report $75
(provided by Experian)
Dunn and
Company Snapshot :
$10.00
Company Profile: $15.00
D & B Family Tree Summary $40.00
Subscriber Account ID
Number WEB : _______________ (leave
blank, USREIA will complete)
PRINCIPAL OR RESPONSIBE PARTY
Client Name: _______________________________________________________________________________________________________________
Clients Resident Address:______________________________________________________________________________________________________
Street City State County Zip
Social Security #:
_________________________________________
Email Address:___________________________________________________
Main Phone: ______________________________
Cell Phone:______________________________ Fax Number: __________________________________
Please include a copy of State
issued Drivers License and or State Issued Identification Card
Please include a copy of Official document reflecting ownership of
above property or rental property. I.E.
Tax Assessment Record
Please initial the
following terms certifying that you have read, understand and will comply with
the following:
___ Subscriber agrees to abide by the laws governing the use of consumer credit information, especially the Fair Credit Reporting Act (FCRA).
___Subscriber agrees to follow the procedures mandated by the FCRA for denial of credit report.
___Subscriber MUST present to USREIA the applicant’s written
permission authorizing subscriber to obtain a credit report and a copy of valid
state issued drivers license and or Identification card.
___Subscriber understands the FCRA provides severe penalties
for fraudulently obtaining a credit report.
___Subscriber agrees that the information provided under this agreement is to be held in strict confidence and will not be disclosed to anyone, including the subject of the report, except as required by law.
___Term. This Agreement shall continue in force without fixed date of termination, but either USREIA or Subscriber may terminate the Agreement upon thirty- (30) day’s prior notice to the other.
___Mutual Indemnification. Subscriber shall indemnify, defend and hold USREIA, and the respective credit-reporting agency harmless from and against any and all costs and liabilities, which may be asserted against USREIA or the credit reporting agency based upon the improper use by Subscriber of credit information furnished to Subscriber by the respective credit-reporting agency.
___Contract in Entirely;
Law. This agreement sets forth the
entire understanding and agreement between USREIA and Subscriber and supersedes and prior or contemporaneous oral
or written agreements or representations: it may be modified only by a written
amendment duly executed by both parties.
This Agreement shall be interpreted in accordance with the laws of the
State of
____Subscriber use Limitations. Subscriber hereby certifies and agrees that it will request and use credit information received solely in connection with transactions involving the consumer as to whom credit information is sought and will not request or use such information for purposes prohibited by law. All such information shall be legitimate business purposes for which the information requested and will not sell or otherwise distribute to third parties any information received hereunder, except as otherwise required by law
___Subscriber understands that USREIA can deny and terminate any application and membership at its discretion.
I certify that the information
provided on this application is true. I
understand by the signature below, that you have my permission
to obtain a personal credit
report on myself, in connection with
approval of this application.
My Signature also guarantees
all obligations and liabilities of the above named U.S. Real Estate Investors
Association Inc.
My Signature also guarantees
that I have read, understand, and comply with all of the above membership
application.
Signature:
_________________________________________ Date:
_________/____________/____________
Page 1 of 2
Credit Card Information to be held on file / please
fax back to: 866.271.2570
Please initial the
following terms certifying that you have read, understand and will comply with
the following:
___U.S. Real Estate Investors Assoc Inc will only charge the below listed credit card for the calendar year membership fee amount of $10.
___If for any reason U.S.R.E.I.A. denies your application to become a customer, you will not be charged this $10 fee.
___This $10 fee activates my account for this current calendar year ending June 30 of 2007.
___USREIA will automatically bill on July 1st of the upcoming calendar year for the amount of $10 for each year after to continuing uninterrupted access to the service.
___To terminate the service and reoccurring annual fee of
$10, USREIA must me contacted in writing
by June 30.
Type of Card: (Amex, Visa, MasterCard etc.) ________________________________
Name on Card: (as it appears) ___________________________________________
Credit Card Number: _________________________________________________
Expiration Date: _______/_________
_____________ 3 digit security code located on back the card. 4 digit and front for AMEX
Signature of card holder:_____________________________________________
If Credit Card billing address is different then address listed on page one, please fill out the address section below
Clients Resident Address:______________________________________________________________________________________________________
Street City State County Zip
USREIA will keep your credit card on file for future payments.
In the event your credit card is denied at time of
processing request, there will be an additional $10 fee assessed.
I certify that the credit card
information provided on this application is true.
My Signature also guarantees
all obligations and liabilities of the above named U.S. Real Estate
Association.
My Signature also guarantees
that I have read, understand, and comply with all of the above credit card authorization.
Signature: _________________________________________ Date: _________________________________
Print Name:________________________________________
I _____________________________ have read the above page and agree to all terms. Date ___________/___________/____________
Page 2 of 2
USREIA Report Request Authorization
U.S. Real Estate Association Inc
Upon Completion, Fax
this request to: 866.271.2570
www.TenantScreen.org
(PLEASE PRINT CLEARLY AND FILL OUT COMPLETELY)
Applicant Name:___________________________
SSN#:_______-______-__________ DOB: ____/____/___
Address:___________________________________________________________ APT # _______________
City:
Former Address ( if NOT at present address for 2 years ):
Address: _________________________________________________________ APT # ________________
City:
I / We authorize the landlord named below to obtain a credit
report, criminal report, and or eviction check, on me through US Real Estate Investors Association Inc.
Applicant
Signature:_____________________________
Date:____/_____/200__
To be Completed by US Real Estate
Association Member ONLY
USREIA Membership#: ____________ Requested by: ________________________
Contact Phone Number for Questions on Application: (______________)____________-______________
Respond by Fax to (____________)_________________-___________________
Please
Circle the Appropriate Requested Report(s)
Credit Report from: Equifax TransUnion Experian
Criminal Check: National State
Other Background Check: Eviction SSN Search
Pre Employment Credit Report: Equifax Trans Union Experian
Business Report
Eviction Report
*** Do not forget to include a copy of
EXPLANATION OF CREDIT HISTORY
J - Joint I - Individual U - Undesignated A - Authorized user T - Terminated M - Maker
B - On Behalf of S - Shared C- Co-maker
SUBSCRIBER NAME AND ACCOUNT NUMBER - This identifies the business that is reporting the information and any applicable account number.
DATE REPORTED - This is the Date (Month/Year) the information was reported..
DATE OPENED - This is the (month/year) the account was opened with the Creditor Grantor.
HIGHEST CREDIT OR LIMIT - This is the highest amount charged on the account or the credit limit on the account. Note the “k” denotes thousands of dollars. (Ex: 147k = 147,000).
BALANCE OWING - This is the amount owed on the account at the time it was reported.(date reported).
AMOUNT- This column indicates the amount currently past due.
NUMBER OF PAYMENTS - This column indicates the number of payments currently past due.
CURRENT STATUS RATING - This is the current status of the account. It is shown as a letter indicating the type of account and a number indicating the current manner of payment.
TERMS OF
Open Account (30 days or 90 days)......................................O
Revolving or Option (Open-end account)..............................R
Installment (Fixed Number of Payment).................................I
Type of Account
CURRENT MANNER OF PAYMENT O R I
Too new to rate; approved but not used 0 0 0
Pays (or paid)within 30 days of billing; pays account as agreed 1 1 1
Pays (or paid)in more than 30 days but not more than 60 days 2 2 2
Pays(or paid)in more than 60 days but not more than 90 days 3 3 3
Pays(or paid) in more than 90 days but not more than 12 days 4 4 4
Pays (or paid) in more than 120 days 5 5 5
Making regular payments under wage earner plan 7 7 7
Repossession 8 8 8
Bad debt; placed for collection 9 9 9
NO MONTHS HISTORY REVIEWED - This indicates the number of months the account has been reviewed or reported to us.
HISTORICAL STATUS - This section contains a description of the delinquent payment history. Up to three dates and manners or payment may appear in this section. They represent the date and manners of payment which were paid other than “as agreed” (O-1, I-1, or R-1). The numbers in the columns indicate the number of payments that were received more than 30, 60, 90 days from the date due respectively.
TYPE & TERMS REMARKS - This column specifies the terms of the account which were contractually agreed to. This amount may be represented as an amount due per month or the number of months or years in the contract.
INQUIRIES - This section contains a list of creditors that have requested credit information on an applicant to establish eligibility for credit, insurance, employment or other purposes.
Any questions on this credit report please call Universal Credit Services Inc. 1-610-284-1000
Universal Credit Services Inc. is only a credit reporting agency not a Credit Bureau.
Universal Credit Services Inc. is unable to change any information on this credit report.
Any discrepancies of this credit please call or write the credit bureau listed on page one next to sources:
EQUIFAX TRANS
UNION TRW/EXPERIAN
www.Equifax.com www.TUC.com www.Experian.com
Credit Scoring
(how
to interpret)
Lenders have utilized credit
scoring for over 20 years. A score is a
scientific way of assessing how
likely a borrower is to pay
his bills. Credit score is based on the
data available in the borrower’s credit report
and measures the relative
amount of a risk potential borrower represents to the lender or investor. The most
widely recognized score for
the industry is the FICO, or Fair Isaac Score.
FICO scores range from approximately 350 to 875 points, and are available from all three of the credit
repositories. Each bureau also has its own name for its version of the FICO.
EQUIFAX
– Beacon TRANS UNION – Empirica EXPERIAN
– Fair Isaac
FICO scores are calculated by a system of scorecards. In developing these scorecards Fair Isaac uses actual
credit data on millions of consumers and applies complex mathematical methods to perform extensive research
into credit patterns that forecast the likelihood that a consumer will make his or her loan payments as agreed in
the future FICO models at each bureau are similar design and the scores are scaled to provide a similar degree
of risk. The risk is defined in the number of accounts that remain in good standing compared to those that
default.
Why is credit scoring taken hold in the industry? The primary force driving this relatively recent phenomenon
is the endorsement given credit scoring by
some of the largest investors in the
have all set similar “cutoffs”. For example, a score less than 620 would indicate a need for a cautious, detailed
review of a applicant’s credit history in order to identify compensating strengths to offset the credit score.
(Ex: High Income)-If other strengths are not available, sometimes the terms of the “deal” are change
i.e. interest rates, down payments or security deposits are increased. To assist you in understanding why a
bureau returned a low FICO score, each provides up to four reason codes when posting a FICO on a
credit report. These reasons or adverse action codes are the primary factors contributing to the compilation
of an individual’s score.
Summary Note: The higher the
score the better
700 - 875 Excellent Risk
660 - 699 Good
Risk
600 - 659 Average
Risk
350 -
599 Below Average Risk