What if you could protect your properties from risky applicants while finding the qualified residents other scoring models turn away?
With ResidentScoreSM , you can. The proprietary scoring model behind TransUnion’s ResidentScreening is dedicated to the rental industry and based on data only TransUnion can provide.
Don’t turn away good applicants
Using the same traditional 300 – 850 credit score scale you’re accustomed to seeing, and built with actual rental outcome data from the industry, our comprehensive score identifies the characteristics of apartment residents most important to you — it predicts the likelihood of evictions and provides you with the insight you need to reduce risk and gain better residents.
Did you know there isn’t a single “credit score”? Even FICO® and VantageScore℠ have multiple versions. These recognizable scores are built to predict the likelihood of paying back a loan, while ResidentScore is built specifically to predict the likelihood of an eviction, equipping you with the insight you need.
On average, a property with 200 units experiences 40% turnover; 10% of which is due to evictions and skips
At $5,000 per unit turnover cost, total cost of eviction and skip turnover is $40,000
With up to15% reduction in evictions and skips using TransUnion’s ResidentScore, you could save $6,000 on one property alone!