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Informative Article | Engineering Science | India | Volume 7 Issue 8, August 2018 | Rating: 5.1 / 10
Beyond Credit Scores: Leveraging Payment Histories for Fair and Inclusive Renter Screening
Venkat Kalyan Uppala [5] | Sachit Kamat
Abstract: The paper provides an overview of the challenges associated with traditional renter screening methods, particularly for immigrants and individuals with limited credit history. It underscores the limitations of depending exclusively on credit scores from major credit bureaus and discusses how these limitations create barriers for financially stable individuals seeking rental properties. The paper also introduces the innovative algorithm developed by Zently, an innovative approach to renter screening that goes beyond traditional credit scores and focuses on applicants' payment histories. Our methodology focuses on analyzing applicants' payment histories and verifying their identities through social graphs, offering a more accurate and holistic assessment of an applicant's financial stability and reliability. By examining timely paychecks and rent or mortgage payments, Zently's algorithm can predict the likelihood of future rent payments more precisely. Zently is poised to revolutionize how landlords screen potential renters, making the process more equitable and effective. This detailed analysis highlights how these elements work together to provide landlords with a robust tool for tenant selection.
Keywords: renter screening, credit history, financial stability, innovative algorithm, tenant selection
Edition: Volume 7 Issue 8, August 2018,
Pages: 1702 - 1706