The Resident Score is a credit score developed by TransUnion specifically for the rental industry. It ranges from 350 to 850 and is designed to assess an applicant's risk as a renter.
The Resident Score considers:
Payment History: Both positive and negative payment history for credit lines.
Credit Usage: The amount of credit the individual is using compared to their available credit.
Credit History: The types of accounts and the length of the applicant's credit history.
Credit Availability: The total available credit limits.
Inquiry History: The number of recent credit inquiries, which indicate whether the applicant is seeking new credit.
While the Resident Score is an essential metric, you should also review the full details in the TransUnion Full Credit Report to gain a complete understanding of the applicant’s financial history and potential rental risk.