TransRisk Score
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What is the difference between transrisk score and a credit score? I’m looking into renting an apartment, and the rental agency said that they’ll need to check my credit. Two days later they told my that I have a transrisk credit score of 672. Is it good or bad?
It’s TransUnion’s version of Fico
TransRisk is a credit risk score that was developed by TransUnion, one of the three major credit bureaus. To be exact, it is Trans Union’s version of the Fico score, which is used by more than 90% of all financial institutions, lenders & creditors to make lending decisions.
Although it is not an official Fico score, it is almost identical and should be considered as Fico for all purposes. Like Fico it has a range from 300 to 850, so a score of 672 is considered good. Certainly good enough to qualify for a home rental contract.
See credit-score-range.html for more information about the different credit scores and their scales.
BTW, you can get a free TransRisk credit score at Credit Karma.
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