Though there are no formal minimum credit score requirements for apartment rentals the njmsc.
Rv index score rent.
In the usa each of the major credit bureaus can have their own credit scoring model.
Residentscore assigns a score from 350 850 with 850 being the best score possible.
This score is designed to take credit report data into account when determining a tenant s score.
We review the tenant s credit history just like a credit score.
The credit score is a simple concept it is a number within a range of numbers and that number is generally calculated using complicated proprietary formulae.
How to explain your recent low credit score to a housing rental company.
By using a model specifically intended to predict rental industry outcomes you will be more likely to identify good tenants than using a typical credit score according to transunion s research residentscore predicts evictions 15 more often in comparison to a typical credit score in the bottom 20 score range where risk is highest.