Credit score cutoff is the most common and probably least effective measure of a prospective tenant. Credit scores are a compilation of factors used by credit bureaus to determine creditworthiness; however, not all of these criteria are applicable to assessing a prospective tenant.
In truth many times a credit score requirements are used as a simple (and lazy) way to quickly disqualify a large pool of prospective renters, who would be more difficult to qualify, without any work. Our process at Boomtown could not be more juxtaposed to this policy. At Boomtown we work to attract the largest possible pool prospective tenants, and through automation we aggregate and process all inquiries and narrow the field using our proprietary process and standards.
At Boomtown we do not disqualify based on credit score alone. We believe in the sufficiency of the credit report and our qualification standards using late payments, revolving debt utilization and total debt.