Apartment complex applications fall under the rental category, therefore, when a complex runs your credit report, it registers as a hard credit inquiry to your credit profile.
Soft credit checks do not have any impact on your credit score but hard credit checks can reduce your score.
Do landlords do hard credit checks?
A hard credit inquiry is when a lender or potential landlord pulls your credit reports and checks your credit score with your permission. Hard credit pulls take place when you apply for a credit card, personal loan, vehicle loan or lease or a mortgage. Landlords may also do a hard credit inquiry.
Are rental credit checks hard or soft?
While soft inquiries have no effect on any credit score, hard inquiries may or may not affect your score. When they do, you’ll be happy to know that multiple credit checks from property rentals within any 45-day (FICO) or 14-day (VantageScore) period are treated as a single inquiry by the credit score.
Do Apartment credit checks hurt your credit score?
Many landlords pull your credit report when you’re approving your rental application. The hard inquiry that comes from a credit check can affect your credit score. Inquiries are 10% of your credit score. The application also won’t hurt your credit score if the landlord uses a service that does a soft credit check.
What credit score does Apartments check?
What credit score is needed for renting an apartment? Most individuals or companies renting an apartment want credit scores from applicants to be 620 or higher. People with credit scores lower than 620 may indicate they are a high risk renter.