Does Rhino do a credit check?

Does Rhino do a hard credit check?

There are no credit restrictions to qualify for Rhino, although the service can make a soft credit check as a means of offering a better deal on a policy.

Credit Repair Credit Cards
Credit Reports Auto Loans
Bankruptcy Home Loans

Do you get your money back with Rhino?

Do I get my payments back at the end of the lease like a security deposit? Rhino replaces the need for a large security deposit and your low monthly payments are not refunded at the end of your lease. Rhino fulfills the same requirement as a deposit, but at a fraction of the cost.

How does rhino security deposit work?

Rhino is security deposit insurance that replaces the need for a traditional security deposit. Instead of a large upfront cash security deposit, renters pay Rhino a small monthly fee, and Rhino insures each home for the property owner in case of damages and lost rent that might occur.

Does Rhino act as a guarantor?

Can Rhino be my guarantor? Yes, Rhino policies can also provide lease guaranty for renters that need it. … When renters enroll with Rhino, we protect their unit the way a security deposit does. Renters are still responsible in the case of excessive damage or unpaid rent.

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What is Rhino leasing?

Rhino is a deposit insurance type plan that replaces security deposits. It allows us to market the properties as deposit-free. This makes it extremely enticing to tenants, especially in the multi-family market. Usually, that kind of market is extremely competitive with low or no deposit leasing at many complexes.

How can I rent with bad credit and no guarantor?

How to rent with bad credit and no guarantor: What steps to take

  1. Check your credit report.
  2. Clear outstanding debts.
  3. Ask your current/previous landlord for a good reference.
  4. Offer a larger deposit (if possible)
  5. Find yourself a housemate.
  6. Review your online presence.
  7. Have an honest conversation upfront.

What’s the catch with Rhino?

With Rhino, instead of paying a security deposit to your landlord, you pay about $5 to $10 a month for an insurance policy that covers your rental for damage or lost rent.

How much does Rhino cost?

North America

Full – single-user*
Rhino 7 for Windows and Mac US$ 995
Flamingo nXt 5 495
Bongo 2 495
Upgrade** an old version – single-user*