- October 16, 2014
- October 14, 2014
- October 7, 2014
There’s more to a credit score than meets the eye. Five percent of consumers had errors on one or more of their three major credit reports, and 25 percent identified errors in their credit file that might affect their credit score, according to a February report by the Federal Trade Commission that was based on an eight-year study of the credit reporting industry.
Based on this study, apartment owners may want to think twice about making a leasing decision solely on a prospective resident’s credit information. Doing so could allow as many as one-quarter of perfectly qualified applicants walk out the door while apartments remain vacant.
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NAA President and CEO Doug Culkin shares highlights from this year's Survey of Operating Income & Expenses in Rental Apartment Communities. Check out the report today.