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Updated almost 3 years ago on . Most recent reply

User Stats

10
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3
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Kate Schaefer
  • Investor
  • Philadelphia, PA
3
Votes |
10
Posts

TransUnion Renter Report - Reliable?

Kate Schaefer
  • Investor
  • Philadelphia, PA
Posted

We recently had two applicants go through the screening process for a rental unit of ours. We realized that one would soon be unemployed due to their relocation and the other was starting grad school (also unlikely that they'll be making a meaningful amount of money). We asked for cosigners and sent them through the TransUnion screening tool. Rather than return a credit score, it returns a Resident Score. Seemingly, both co-signers are qualified based on the Resident Score, however, one of them has quite a few delinquent payments and I would assume a bad credit score.

Does anyone have experience with the Resident Score that TransUnion provides? Is it reliable?

Any advice/assistance is appreciated!

  • Kate Schaefer
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