RentGrow, a company specializing in providing tenant screening reports to property managers and landlords, operates as a Consumer Reporting Agency (CRA) within the technology-driven consumer data industry. Their core service involves producing and selling RentGrow screening reports, which are subject to federal and state regulations such as the Fair Credit Reporting Act (FCRA), aimed at safeguarding consumer rights in RentGrow-related disputes.
It's essential to note that when an applicant is declined by RentGrow, the decision is made by the property manager or landlord, not directly by RentGrow. RentGrow's clients set specific parameters that influence application denials. Despite RentGrow's algorithms determining credit risk levels, the evaluation of applicant data adheres to the customized criteria established by the client.
RentGrow conducts background checks by obtaining an individual's consent and personal identifying information (like name, birthdate, and social security number) from the property manager or landlord. Using algorithms, they gather information across various categories, sifting through irrelevant or unreportable data to generate a comprehensive report.
Reach out to an attorney if you have a yardi resident screening denied application!