RentGrow and CRAs

Comments · 138 Views

RentGrow, a specialized company offering tenant screening reports to property managers and landlords, operates as a Consumer Reporting Agency (CRA) within the tech-oriented consumer data industry.

They produce and distribute RentGrow screening reports, which are subject to federal and state regulations like the Fair Credit Reporting Act (FCRA) aimed at safeguarding consumer rights in RentGrow-related matters.

It's important to highlight that when an applicant receives a rejection from RentGrow, the decision originates from the property manager or landlord, not directly from RentGrow. Parameters influencing application denials are set by RentGrow's clients. While RentGrow's algorithms gauge credit risk levels, the assessment of applicant data adheres to the tailored criteria established by the client. RentGrow conducts background checks by securing an individual's consent and personal identifying information (e.g., name, birthdate, social security number) from the property manager or landlord. Through algorithms, they gather data across various categories, sifting out irrelevant or unreportable information to create a comprehensive report. Although, sometimes happen that RentGrow provide false or inaccurate information that might affect your applications. In this case, you should send a dispute to the company. Check frequently your rentgrow dispute status and reach out to an attorney if after the dispute the information is not corrected.

Data for RentGrow reports is gathered from details submitted on rental applications to potential landlords or property managers. These encompass RentGrow credit reports, scores, criminal history data, and rental history data obtained from external sources like major credit bureaus (Experian, Equifax, TransUnion) and their subsidiaries specializing in rental-related information.

Comments