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Equifax launches soft credit checks for multifamily industry

December 17, 2018 / Kelsey Ramírez

Credit reporting agency Equifax announced Monday it will allow landlords to check prospective tenants' credit without it affecting their credit score. The company created a soft credit check designed for the multifamily industry, saying this will help those who might already have a thin credit file. Soft credit inquiries do not impact a consumer's credit score like hard inquiries. Instead, they are credit checks that are typically only visible to the consumer and are not used to calculate credit scores.