High Credit Inquiry Velocity Emerges as Top Fraud Risk Indicator in Rental Applications
Summary
TransUnion released research showing that unusually high recent credit inquiry activity is one of the strongest fraud signals in rental applications. Applicants with 15 or more inquiries in the seven days before applying had the highest one-year charge-off rate, and the study highlights several other inquiry-based indicators. The findings are aimed at property managers that want better screening and lower bad-debt exposure. TransUnion also partnered with Snappt to combine income verification with TruVision Resident Screening in a unified workflow.
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