Our company does tenant screening on all new potential residents. We have a company policy that we do not lease to anyone with a FICO score on their tenant credit report under 640. A FICO score of 640 is just a “C” rating. If you lease to someone with a score below 640 your are getting into a “D” rating. They have quite a few unpaid bills and collections. Our company chooses not to lease to these people because we do not want to be their next creditor. We run the reports while the resident is in the office and use www.instantbackgroundchecks.us. They are the best for tenant credit reports.
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