TransUnion: High Credit Inquiries Signal Rental Fraud Risk

TransUnion research reveals that rental applicants with unusually high numbers of recent credit inquiries pose the greatest fraud risk, with 15+ inquiries in seven days leading to a 32% charge-off rate within one year. The study identified top fraud indicators, including specific inquiry patterns and unusual address/phone details. Property managers face nearly $1 million in bad debt annually due to fraud. To combat this, TransUnion partnered with Snappt to integrate its Applicant Trust Platform into TruVision Resident Screening, offering a unified screening and income verification workflow.