A Tenant Score is a snapshot of your Leasing worthiness represented as a number. Landlords use this number to help them determine the risk in leasing to you. It is an objective, non-biased tool used by landowners to provide you with a faster, fairer, and more consistent response.
The Tenant Score is similar to a traditional credit score. It uses the same numbering system, with roughly the same meaning as a traditional score. The range of possible scores extends from 300 to 850, although the key portion of that scale lies between 600 and 750. Any score over 750 will be considered extremely reliable by any leasing institution that uses Rent Verify's Tenant Score services. Most scores fall between 600 and 750. The higher the score, the more likely you are to be approved for a lease, also higher scores could even lead to receiving more favorable leasing options.
There are three primary factors that determines a Tenant Score:
The following information does not influence the Tenant Score:
When a landlord reports your payment history , it is calculated by computerized, statistical scoring model. Numerical weights are placed on different aspects of your Rental report (see above) and a mathematical formula or computation is used to arrive at a final score.
All updates or changes made to your rental report are immediately considered when calculating your next Tenant Score.
Tenant Score is currently completely free to our clients. We earn a small fee from our business partners who pay to look at your score to validate your leasing worthiness.
You can get your Tenant Score as often as you want. And it will be free to do so. Plus, unlike traditional reports that show only portions of all the data they have, a Tenant Score Report shows everything entered into our Tenant Score system, furnished through the data provided by your landlord
Every reported item to your Tenant Score account can be disputed two different ways. First you can simply email your request to [email protected] Lastly you send your request direct mail to our headquarters located at, 8884 Louisiana St. Merrillville, IN 46410
Your Tenant Score is live on your dashboard and can be retrieved anytime you want. The report is currently free of charge and can be accessed by simply clicking the View your Rental Report link from your dashboard.
Tenant Score is powered and protected by a Secure Socket Layer that has provided security for over 40 years in the data industry. Data protection at Tenant Score is up to the standards of the largest financial institutions in the country. All data is encrypted using 256-bit encryption and all communication happens through a Secure Socket Layer (SSL). the highest security standard in the industry. To learn more, see our page detailing security provisions.