What Is a Good Tu (Transunion) Rental Score? 

What Is a Good Tu (Transunion) Rental Score? 

Oaklakeapts.com

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A Tu rental score, also known as a TransUnion ResidentScore, serves as a numerical indicator, ranging from 350 to 850, designed to forecast a tenant's reliability in meeting rent payments and adhering to lease agreements.

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This score is meticulously computed by TransUnion, a key player among the United States' three major credit bureaus. 

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The calculation involves a proprietary formula that scrutinizes several critical factors:

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1. Credit history: 

Examining the tenant's payment track record, credit utilization, and the length of their credit history.

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2. Rental history: 

Evaluating the tenant's history of on-time rent payments, instances of eviction, and any record of property damage.

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3. Public records: 

Considering elements such as bankruptcy filings, court judgments, and liens.

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Landlords employ Tu rental scores to gauge the risk associated with renting to a specific tenant. 

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A higher score implies a lower risk, signaling a tenant's likelihood of fulfilling their rental obligations. Conversely, a lower score suggests a higher risk.

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While a good Tu rental score typically falls within the range of 650 to 850, landlords may have varying criteria. 

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Some may be open to applicants with scores below 650, taking into account additional factors like income, employment history, and references.

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Excellent scores are 700 and above, while good scores range from 650 to 699. Fair scores fall between 600 and 649, poor scores are in the range of 550 to 599, and very poor scores are below 550.

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Tenants can access their Tu rental score at no cost through TransUnion. Moreover, obtaining scores from other major credit bureaus, such as Equifax and Experian, offers a comprehensive overview of one's creditworthiness. 

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Regular monitoring of these scores empowers tenants to stay informed about their financial standing and make informed decisions regarding rental applications.

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Read Also: The RV Index Score: Everything You Need to Know.

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