My grandparent and I need to move out of my parent's house soon. I'm a bit hesitant to apply for an apartment because I don't want to end up being denied...ruining my budding credit altogether. We have sufficient income that is 3 times the monthly rent combined. The only problem is the credit check. My grandparent has lived out of the country for quite some time and has no established credit. I on the other hand turned 18 a few months ago and have only started working a little less than a year ago (however, I'm still at the same job). I've checked my FICO score with Equifax and Experian and I scored 694 and a little over 700 respectively, but I'm not sure if that's accurate because I have heard that it takes up to a year to establish credit. Having my parent cosign is out of the question as well because of bad credit. There is a possibility for us to get another cosigner, but what if the apartment company doesn't allow cosigning, should I still take the risk and apply?
2006-08-14 20:22:50 · 7 answers · asked by paj 2 in Business & Finance ➔ Credit
Go for it. While your credit record may be limited, that's an excellent score, especially for someone of your age.
Being denied for an apartment will NOT affect your credit score in any way. Making multiple applications for different apartments will be treated as a single credit inquiry and will only have a minimal impact on your report.
Be a good tentant, i.e. pay your rent on time, take care of your apartment and don't disturb your neighbors, and you won't have any trouble at all!
2006-08-15 00:01:30 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Go ahead and apply most Apartmetn complexs do not even do the actual check on your credit it is just a 25 dollar fee that the pocket. If you are employeed and make 3 times the rent then you are in for sure.
2006-08-18 07:10:36 · answer #2 · answered by CrzyCowboy 4 · 0⤊ 0⤋
No credit is not a bad thing in a credit report for apartment rentals, or insurance and certain government loans. The credit score you are displaying is a good score and you should not have a problem.
2006-08-16 09:46:54 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Yes you can move - make sure you get a place that is right for you and that you can afford. Before selcting a place you should do a budget and find out what you can afford. If you need to find a place go to :
http://www.featheroaksfarms.com/
2006-08-15 01:39:55 · answer #4 · answered by CreditCardMan 2 · 0⤊ 0⤋
No, why would you want to leave so soon? You haven't milked them enough.
2006-08-14 20:25:43 · answer #5 · answered by Anonymous · 0⤊ 1⤋
if you really need a place go for it!
2006-08-14 20:27:47 · answer #6 · answered by Adrian 1 · 1⤊ 0⤋
Sure you should.
2006-08-14 21:48:38 · answer #7 · answered by fistfull-of-$ 3 · 0⤊ 0⤋