Tenant Score Card- Custom Credit Risk Assessment, Credit Score and Negative Credit Summary
With Tenant Score Card Plus Level clients will get the necessary credit information to properly screen applicants with minimal compliance paperwork required by the credit bureaus. No setup fee is required.
Why a Tenant Score Card?
The Tenant Score Card requires little compliance and no on-site office inspection while offering a comprehensive view of an applicant's credit worthiness and credit history. The Tenant Score Card is perfect for client's operating out of a home office who would not comply with bureau standards to recieve detailed credit reports.
A Tenant Scorecard is completely customized to your preferences and provides the following information with a simple PASS or FAIL rating in addition to the applicant's credit score and derogatory credit summary (bankruptcies, liens, judgments, collections and delinquencies):
Category Criteria that you set
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Proposed Rent Provided by Landlord
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Stated Monthly Income Provided by Applicant
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Credit Risk Score FAIL below a certain score PASS above a certain score
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Income to Debt Ratio FAIL below a certain ratio PASS above a certain ratio
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Income to Rent Ratio FAIL below a certain ratio PASS above a certain ratio
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Income to Debt including Rent FAIL below a certain ratio PASS above a certain ratio
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Collections or Charge offs Acceptable number of accounts in collections/charge offs
Ability to Ignore Education / Student Loans
Ability to Ignore Medical trade lines
Fail Above a certain Number of accounts or PASS below certain number of accounts
Fail Above a certain % of total accounts or PASS above a certain number of accounts
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Delinquent Accounts Consider most recent 6 months or all accounts on report
Ability to Ignore Education / Student Loans
Ability to Ignore Medical trade lines
Fail Above a certain Number of accounts or PASS below certain number of accounts
Fail Above a certain % of total accounts or PASS above a certain number of accounts
- Bankruptcy Records Automatically FAIL within years designated.
