What is a credit reference on a rental application?

A credit reference on a rental application is a document that provides information about a tenant's creditworthiness and ability to pay rent on time. This document typically includes the tenant's credit score, credit history, and any outstanding debts or loans. Landlords may use this information to determine whether a potential tenant is financially responsible and likely to fulfill their lease obligations. Having a positive credit reference can increase the likelihood of being approved for a rental property, while a negative credit reference could result in a rejection or require additional security deposits.