Truck-stop addresses and credit flurries flag risk for US landlords
TransUnion's research on 1.1 million 2024 renters reveals that an unusually high number of recent credit inquiries is the strongest indicator of fraud risk in rental applications, with applicants having 15+ inquiries in seven days showing a 32% charge-off rate. Other key indicators include a truck stop address, eight or more inquiries in four days, extended fraud alerts, and governmental phone numbers. The study also identified Detroit, Atlanta, and Houston as having the highest concentration of fraud indicators among major metropolitan areas, leading TransUnion to partner with Snappt to integrate its Applicant Trust Platform for unified screening and income verification.
https://www.stocktitan.net/news/TRU/high-credit-inquiry-velocity-emerges-as-top-fraud-risk-indicator-in-omrhmyqkgewb.html