What is a Resident Score?
A Resident Score is a credit score TransUnion designed specifically for tenant screening. It ranges from 350 to 850 like a traditional score, uses at least the same information as a FICO score, and adds rental data, which makes it a better predictor of rental outcomes. Traditional credit scores predict how a loan performs, not how someone performs as a tenant.
How the score is calculated
- 30% payment history: track record of paying bills on time
- 26% utilization: how much available credit is in use
- 21% credit history: credit performance over time
- 13% credit availability: how much credit has been extended
- 10% inquiries: credit-seeking behavior
TransUnion’s resident risk model predicts the likelihood of a negative rental outcome, like eviction, late payments, or insufficient funds, rather than loan default.
Related articles: