APARTMENT OWNERS
WeCosign can help you approve more prospective renters and increase your pool of qualified applicants.
How? By taking all the risk out of renting to an applicant with a low FICO score.
We use our own exhaustive underwriting, fee structure and default resolution process to qualify a tenant. These measures significantly reduce our risk, and since WeCosign is backed by a strong financial position, there is never any risk on your part. A WeCosign approved tenant represents a guaranteed rent payment for you each month, even if that tenant fails to pay.
HOW IT WORKS:
- An applicant who doesn’t meet your FICO score criteria is directed to call WeCosign so we can determine their eligibility for our service.
- WeCosign reviews the applicant, and if approved we will cosign their lease agreement and act as their guarantor.
- You collect the rent from the tenant as usual, and the tenant pays WeCosign an additional monthly fee for our service.
- In the event that a tenant stops paying their rent, WeCosign assumes financial responsibility under the terms of the lease agreement.
In an economic climate with credit problems on the rise, it can be difficult to find qualified applicants. And we know you don’t always have the time or resources to fully evaluate the finances of every renter. That’s what we’re here for. We’re committed to helping good people with poor credit scores find rental housing.
Let WeCosign improve your bottom line by helping you accept more renters with no additional financial risk. Call (877) 556-6807 today!
