A Credit Decision Report Doesn't Show The Specific Credit Score
If you order the RentPrep Background Check, you can add a Credit Decision Report. The Credit Decision Report is a tool used by landlords to gauge the approximate credit rating of the applicant. The final report will reflect a spectrum of credit score ratings, as well as an indication of the applicant’s approximate FICO score. It will not include the actual credit score. Upon ordering, the landlord will be required to provide a minimum desired credit score, which will be used to rate their credit score as pass or fail. Should the applicant’s score be rated as “fail,” our screeners will provide four reason codes from the credit bureau that have been accounted for in generating their FICO score.
This allows us to provide zero tenant involvement, which some landlords prefer.
If you selected a 5 star rating and your applicant fails we will provide the reasons why the applicant failed, but we cannot legally provide the exact credit score with the credit check.
The TransUnion Full Credit Report Does Show The Full Credit Score
If you're looking for a report that contains a credit score, the TransUnion Full Credit Reports include a Resident Score. The Resident Score is a credit score that has been specifically built to give insight into the outcome of a lease. The score was created by TransUnion after compiling nationwide credit data from individuals that lead to negative rental outcomes.
Decline: 350 – 523
Conditional: 524-537
Low Accept: 538-559
Accept: 560- 850