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How to Evaluate Tenant Credit Scores

Tenant credit scores can help you evaluate a potential renter’s risk. But what exactly are you looking for?


[Updated: Feb 04, 2021 ] Sep 26, 2020 by Aly J. Yale

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SCORE RATING INDICATIONS
800 and up Exceptional The safest type of borrower 21% of Americans fall into this group Pays on time every time Has deep credit history
740 to 799 Very Good Generally safe borrower 25% of the population falls into this group Has good financial habits Makes on-time payments consistently
670 to 739 Good Generally safe borrower 21% of Americans fall into this category May have a few late payments
580 to 669 Fair Riskier borrower 17% of Americans fall into this group May have late payments May have high levels of debt
580 or less Poor The riskiest type of borrower About 16% of the population fall into this category Likely has late payments or collections May have high levels of debt

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