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FAQ: How is a Resident Score Calculated?

Elements of the Resident Score

Here we will break down each section of the Resident Score and how it factors into the final score:

  • 30% - Payment History - Someone's personal track record of paying bills on time.
  • 26% - Utilization - The amount of available credit being used by someone.
  • 21% - Credit History - Credit Performance over time.
  • 13% - Credit Availability - Magnitude of credit extended to someone.
  • 10% - Inquiries - Information related to someone's credit seeking behavior.

Also, the rental industry calculates risk using different predictors than the credit industry.

  • Insurance Risk Model - Predicts likelihood of an insurance claim
  • Mortgage Risk Model - Predicts likelihood of foreclosure
  • Resident Risk Model - Predicts likelihood of a negative rental outcome i.e. risks of an eviction, late rental payments, and/or insufficient funds.