Have you ever seen a negative credit score?

I have mother as a guarantor for the daughter. The mother has a score of 775, has assets and income. Then the daughters report comes back with a -1 score. I didn't think this was possible.

She has never taken out a CC or has any accounts, loans, etc.

That doesn't sound right. I think 300 is the lowest it can go? The lowest I've ever personally seen is 450.

Must be an error. FICO goes from 1 - 850.

I've seen them come back with no credit history.

(BTW: To me, that's better than a negative one)

Just for fun: What's the HIGHEST anyone has seen?

Although there are some "industry specific" FICO scores, most are general purpose and range from 300-850.

Not sure how a -1 showed up.

It could be a score of "No FICO score" and the system doesn't know how to handle a blank entry. Or for some reason, they automatically deduct 1 point from each credit score and a 0 or no FICO score -1 = -1.

No credit will show no score. The only thing I can think of is that it is some alternative score. Today they are using utilities when someone has no credit. I haven't seen one but they announced in January that they would start this.

through buildium the report is by transunion smart move.

the daughter is 25, very much her mothers daughter.

I currently have 2 tenants who are recent grads. Parents are well heeled and paid for everything from college to rentals to cars. They have both graduated and have good jobs and pay well. To date they've just never needed credit.

I've never seen a negative score. I occassionally get a "not enough information to score". If those people screen well for references and income, so far, they have always been good tenants.

Small,

Interesting!

I don’t want her if she needs a co-signor. Keep marketing.

And it’s up to them to prove with documentation they can pay, not for me to assume or justify any situation.

Black and white, no grey areas.

Really strange.

Brad,

young/ first timers is a niche I like. They have family support and are easy to train, as they take instruction.

I can understand some here are wary that the parent is dumping their kid on me, but the references check out.

I did have a kid a few months back who was looking for an apt, and living in a hotel because his parents threw him out. My Q then if the parents don't want him why would I?

Transunion Smartmove used -1 as a placeholder for not enough info to create a score.

I'm in class C territory so a youngin' w/ family support is a big plus over a DSS/ S8/ SSI tenant . Aside from the fact that the tenant is new to her job, she makes to rent enough to be w/in 25% of income to rent margin.