Background & Credit Reports in VERO can be generated by one of two Credit Reporting Agency Services: TransUnion ShareAble and Experian Connect. The credit score seen in VERO depends on which Background & Credit Check partner a company is configured to use.

You can tell which provider is the source of your credit report when agreeing to the terms of service of the Background & Credit Check step, and when reviewing the report results, as the provider name is clearly displayed.

TransUnion uses a credit score called ResidentScore, which is designed specifically to predict rental outcomes.

Experian uses a credit score called VantageScore designed using only one model with one set of scoring calculations, resulting in scores that are more uniform and consistent.

It is a common credit myth that there is only one way to calculate a credit score. Many lenders use their own customized calculations. There are estimates that say there are over 1,000 different credit scores in use and each of them often serve a specific purpose. For example, FICO scores are often used to predict loan repayment outcomes. For this reason, the same individual can receive different scores depending on score model used.

Each score is accurate based on the model created for it and companies select the Background & Credit provider solutions based on their needs.

If the information contained in your Credit Report seems incorrect, you have the right to dispute this. For more information on how to initiate a dispute for your credit report, click here.