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Tenant Screening




Grade Definitions for AOA's
"ABC" Tenant Credit Score
Application must meet all criteria for a particular grade. Example: All criteria may be perfect for an "A" rating, except that the Credit History may be only 24-months old, so the rating would fall to a "B". Criteria for each grade is subject to change, so ask operator for any recent changes.
   


Criteria for Grade A:
  • Credit Score Between 700 and Perfect
  • Must Have Credit Report
  • Credit History Must Be at Least 36 Months Old
  • No 30 Day Late Accounts in the Last 12 Months
  • No 60 Day Late Accounts in the Last 12 Months
  • No 90 Day Late Accounts in the Last 12 Months
  • No Collection Accounts in the Last 24 Months
  • No Bankruptcies in the Last 48 Months
  • No Legal Items in the Last 24 Months
  • No Tax Liens in the Last 24 Months
  • Must Have at Least 90% Positive Accounts


Criteria for Grade B:
  • Credit Score Between 600 and 700
  • Must Have Credit Report
  • Credit History Must Be at Least 24 Months Old
  • No Collection Accounts in the Last 12 Months
  • No Bankruptcies in the Last 18 Month
  • No Legal Items in the Last 18 Months
  • No Tax Liens in the Last 24 Months
  • Must Have at Least 80% Positive Accounts



Criteria for Grade C:
  • Credit Score Between 500 and 600
  • Must Have Credit Report
  • Credit History Must Be at Least 12 Months Old
  • No Collection Accounts in the Last 6 Months
  • No Bankruptcies in the Last 12 Months
  • No Legal Items in the Last 12 Months
  • No Tax Liens in the Last 12 Months
  • Must Have at Least 70% Positive Accounts


Criteria for Grade D:
  • Credit Score Between 400 and 500
  • Must Have Credit Report
  • Must Have at Least 60% Positive Accounts


Criteria for Grade F:
  • Credit Score May Be Below 400
  • Might Not Have Credit Report
  • Has Below 60% Positive Accounts
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