AAOA - American Apartment Owners Association

Instant Credit Decision or Full Detailed Credit Report:

Instant Credit Decision:
Is an automated decision generated from a preset filter. The preset filter is decision tables made of levels, which contain rules and are applied to the credit reports. With these rules, credit reports can be instantly decided. Rules or criteria are conditions that must be met before being approved for a level. Passing rules or criteria for a level means that all conditions are met before any other levels are processed. If all rules are met for a level, then this will be the decision level assigned to a report. If any rule fails, the next level is processed, and the level will appear in the traffic light image.

Full Detailed Credit Report:
In order to get the full credit details you must complete an onsite inspection, which you can schedule with us during regular business hours. To view a sample of what the full detailed credit report looks like, CLICK HERE.

Preset Filter for the Instant Credit Decision
Rules and Criteria (One Failed Rule Equals Decline)	Red Declined	Yellow Conditions	Green Approved	Explanation of Rules and Criteria (Description)
Rules and Criteria (One Failed Rule Equals Decline)	(Number of Instances or Occurances)			Explanation of Rules and Criteria (Description)
30 - 59 days past due	4 or more	3	2 or less	If Applicant has a Tradeline delinquency within the past year or 12 months.
60 - 89 days past due	3 or more	2	1 or less
90 - 119 days past due	3 or more	2	0
# of Trades Past Due	4 or more	3	2 or less	If Applicant has a Tradeline delinquency within the past month or 30 days.
# of Trades 60+ Past Due	3 or more	2	1 or less
# of Trades 90-180 Past Due	3 or more	2	0
Collection	3 or more	2	1 or less	If Applicant has any Accounts in the Collection Section
Tax Liens	3 or more	2	1 or less	If Applicant has any Tax Liens in the Public Records Section
(SCNL) Skip Cannot Locate	3 or more	2	1 or less	If Applicant has any SCNL listed in a Tradeline or Collection Account
Judgments	3 or more	2	1 or less	If Applicant has any Judgment in the Public Records Section within the last 48 months or 2 years.
Charge off	3 or more	2	1 or less	If Applicant has Charge Offs in a Tradeline within the last 48 months or 2 years.
Foreclosure	1 or more	0	0	If Applicant has had any Foreclosure(s) within the last 48 months or 2 years.
Reposession	1 or more	0	0	If Applicant has had any Reposession(s) within the last 48 months or 2 years.
Garnishments	1 or more	0	0	If Applicant has had any Garnishment(s) within the last 48 months or 2 years.
Bankruptcy	1 or more	0	0	If Applicant has had any Bankruptcy(ies) within the last 48 months or 2 years.
No Credit	N/A	1 or more	1 or more	If Applicant does not have 1 or more tradelines of credit established, a declined decision will result.
No Hit	No Hit	-	-	If Applicant information provided does not match a file the credit bureaus have on record, a declined decision will result.