What is Cumulative Rental Score?

What is Cumulative Rental Score?

Oaklakeapts.com

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The Cumulative Rental Score is a tool used by many rental companies. It helps them assess the reliability and consistency of potential renters.

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Your rental history duration plays a significant role in this score. The longer you’ve been a renter, the more data there is to assess.

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Each of your rental periods is assigned a unique score. This score reflects the quality of your tenancy during that period.

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These scores are based on references from your previous landlords. Good references can significantly improve your score.

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All these scores are then thoroughly reviewed. This review process ensures a fair and accurate representation of your rental history.

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The highest and lowest scores are particularly considered. This helps to understand the range of your rental experiences.

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Finally, an average “Cumulative” score is arrived at. This score represents your overall reliability and consistency as a renter.

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Cumulative Rental Score differs from Rental Score. Both are used by landlords, but they focus on different aspects.

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Rental Score includes credit report, bill payment history, income, debt, and criminal history. Cumulative Rental Score is a more comprehensive reflection of your rental history, considering the duration of your rental history and references from previous landlords.

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Please note that different rental companies may have varied criteria and weightings. It's essential to understand the specifics of each company's scoring methodology for accurate insights.

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Read Also - ResidentVerify (RV) Index Score: Everything You Need To Know

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