Rental Scoring and Your Rental Application:

Rental scoring allows landlords and property management
companies to manage financial risk involved in leasing
an apartment or unit. The rental scoring process provides
an objective and consistent review of relevant applicant
information allowing for real-time approvals or denials of
rental applications.

How is My Rental Score Determined?

Your rental score results from a mathematical analysis of information found in your consumer credit report, application, and previous rental
history. The consumer credit report may include payment history, number and type of accounts, collection activity, outstanding debt, and inquiries. In addition, the rental scoring process may consider information such as income to rent ratio, previous eviction and subprime credit records. Note that your rental score does not include or otherwise reflect any criminal records. The rental score represents an estimated risk level as compared to other applicants. Rental scores, much like credit scores, represent a range of numbers. The higher the number the lower the risk level, and conversely, the lower the number
the higher the risk. Because your rental score is based upon real
data and statistics, it is more reliable than subjective methods
of evaluating your information.

How is My Rental Score Used?

Landlords and property management companies use the
rental score and consumer report to evaluate your application.
They set the minimum score requirements for application approvals
based on the level of risk each is willing to accept.
Because each landlord or property management company sets their own risk levels, your rental score may result in an approval with one property and a denial with another.

What Factors Can Negatively Impact My Ability
to be Approved?

► Insufficient Income - the minimum acceptance to qualify for residency at this community is income equal to or exceeding 300% of Gross Rent.  This can be combined with co-applicants for the same unit to meet the guidelines.

► Credit history, quality and quantity – credit score of overall
credit history and ability to pay

► High debt load – if your debt load is equal to or higher
than your monthly income

► Payment behavior – late bill payments and not paying
down outstanding balances

► Collection accounts – utility, apartment, and other
housing related collections; excludes medical debt

► Bankruptcies – whether bankruptcy has been discharged,
was debt reduced and is behavior improved

► Landlord/Tenant – court filings or evictions for failure to
pay rent and/or other judgments in favor of apartment communities; debt owed to current or previous landlord/property management company

► Consumer subprime credit – payday loans, rental purchase
stores, subprime auto loans, etc.

► Criminal records – a list of previous criminal convictions are weighed by severity of criminal conduct.
Note that while criminal records are not reflected in the rental score itself, they may impact the landlord’s or property management company’s decision.

Who Do I Contact If I Have Questions?

If your application is declined, your application did not meet
the landlord or property management company’s minimum
score requirement.
You have the right to request a free copy of your consumer
report within 60 days after receipt of an adverse action letter.

If you would like to request a free copy of your consumer
report or dispute any information on your consumer report
that you believe is inaccurate, you may contact CoreLogic Rental Property Solutions (CLRPS) directly at P.O. BOX 509124 San Diego, CA 92150, ATTN: Consumer Relations Department, or by calling us toll-free at 888.333.2413.

CLRPS does not make approval or denial decisions and will not be able to provide you with the landlord’s or property management company’s
reason for the decline, except to say that you did not meet their minimum requirements.