Will my Rental Application be approved?

Question

I REALLY want this apartment, and can totally afford it but my credit score is only 612 and my rental history has many late payments over the course of 2 years (thanks to a bum roommate). I have no criminal record and my salary is over 3 times the rent. What are my chances of getting approved and should I say anything about these issue before applying? The unit is not a large commercial building.

Answer 1

If your income is 3 Xs the rent and you have no judgments you should get it with ease as it is not a large commercial apt complex . A large one would sock you with 1st , last , and 1 months security for a start and may add a fee to apply too .

Answer 2

Your credit isn't bad for renting. I wouldn't worry about that.

Be upfront about the late payments to the new landlord, and possibly see if the old landlord will confirm that it was the roommate, not you that paid late. While you are still responsible, it might help.

See if you can provide an accounting ledger from your old landlord - if they use any kind of property management software, they should be able to print it in about 2 mins flat. It will show who made which payments. If you are on good terms with your old landlord, ask if they will write a letter on your behalf.

Ask the new landlord if they will accept a larger deposit (if you have to) to offset the poor payment history.

Honesty is the best policy - I hate people that lie or play dumb when I find out about their past problems.

Good Luck to you - I think it will work out OK

Answer 3

A revoked license curiously is an computerized deal-breaker for this landlord. Why has it been revoked? Unpaid tickets? DUI? no longer something solid, that's what the owner is assuming. once you pay for a credit utility, you not at all have any top to get that a refund. basically because you paid a fee does no longer mean you get everyday, and that that they had a valid reason to no longer settle for you. If that's the only reason the rejected your utility, you may resubmit an utility (and pay yet another utility fee) whilst he gets his new license. you have already shown yourselves to be under proper tenants, even nevertheless, by utilising witholding instruction. relax assured the owner isn't profiting out of your utility fee; it expenditures him money to run the verify, which shouldn't come from his pocket.

Answer 4

I would mention these things before you apply, assuming the person is going to find out about them thru your credit check, and then at least you could have your say in things. Maybe the renters are very understanding people. I would say if your salary is good and you've been at your job for a long time, you probably have a pretty good shot.

Answer 5

as long as you explain your situation, you should be okay, even with your 612 credit score. I am a rental manager and i take every client on a case to case basis. the fact that it is not a huge chain makes it even easier.

Answer 6

Each company has different points they go on, but I would definitely indicate in advance that the late rent history is based on a previous roommate -- your portion was always ready on time. Point out that you have ample salary and will pay on time.

Answer 7

you'll be fine. late payments are better than non payments, there has been worse that 612 for credit scores, and as long as your proof of income is what it is at, I wouldn't worry too hard.

Answer 8

I've been in same siturations, some will refuse you and some will ask for a co signer it always depends on where you go! i feel ya i've been there good luck!

Answer 9

if you really have a 612, i can get you a house. email me. [e-mail]