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Updated almost 17 years ago,
Basing Rent off of Credit like the auto insurance comps do.
Hello,
I was just thinking about how my auto insurance premium is figured using my credit score as a determining factor.
Does anyone know if you can do this on rents? To me doing this with rents would make more sense then insurance.
Could I post a listing saying that rent is $450 per month variable based on credit? This would allow you to post a low rent for people with perfect credit (very few will even be close) and then once you run there credit you could come back and say they there score is a 610 so there rent would be like $550 a month.
Would this be legal? The insurance companies do it all the time?
Just food for thought and discussion.
Thanks