rockpile Posted September 1, 2004 Share Posted September 1, 2004 How do they figure out your "risk predictor score" for credit purposes? A rental broker I am working with wants a rating of 180 or above for approval. Can anyone explain? Link to comment Share on other sites More sharing options...
Steven in MD Posted September 1, 2004 Share Posted September 1, 2004 How do they figure out your "risk predictor score" for credit purposes? A rental broker I am working with wants a rating of 180 or above for approval. Can anyone explain? 14243[/snapback] Credit rating scores in general are based on your past payment behavoirs. Each behavoir is weighted differently. For example, you might get 30 points for always paying your mortgage/rent on time (no deliquent payments over 30 days). But you might lose 5 points for carrying a balance over $1000 on your Visa card. They key is that the score changes over time as your credit behavoir changes over time. Not sure I shed any light on the subject, I do not know what a score of 180 means versus 150. I thought the scores were normalized to 100, but that might have changed since I did some credit scoring work about 5 yrs ago. Link to comment Share on other sites More sharing options...
rockpile Posted September 1, 2004 Author Share Posted September 1, 2004 Is there any place I can do this on line (free would be nice). On the applicaton it just says above 180 is approved, 160-179 requires additional deposit, 159 or below is denied. It does not give a range, ex. 0-300 I am not expecting a problem but their office is closed to day so I thought I would ask here! Link to comment Share on other sites More sharing options...
Fezmid Posted September 1, 2004 Share Posted September 1, 2004 Is there any place I can do this on line (free would be nice). On the applicaton it just says above 180 is approved, 160-179 requires additional deposit, 159 or below is denied. It does not give a range, ex. 0-300 I am not expecting a problem but their office is closed to day so I thought I would ask here! 14264[/snapback] I'm not sure if that score is the same as your credit score. I know credit scores go from 0 (?) to 850. I'm guessing this may be a different thing though, as 180 is a pretty crappy score on that scale... CW Link to comment Share on other sites More sharing options...
gantrules Posted September 1, 2004 Share Posted September 1, 2004 Here's the number to the Credit Bureau...they would be the one to ask. I work closely with credit scores but not risk predictors... 800-877-5266. That's for Kroll Factual Data.... Link to comment Share on other sites More sharing options...
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