I live in CA and I would like to find my first apartment in the near future ( within 2 years). I got my credit report from Equifax and it shows that I have Currently 'past due' 2 accounts and in the Negative Acct History it show 8 accts ( the 2 past due are included). Of the 8, two of them are not paid and the rest are "charge off" or "collections paid" All this info is correct.
Will I still be able to get 'approved'? Does any one have any personal experience in renting their first apartment. Thank You
2006-12-16 15:28:03 · 3 answers · asked by Kitty Cat 4 in Business & Finance ➔ Renting & Real Estate
I have a steady job, work full time and have been w/ the company for 6 years. My 'bad' credit happenend when I was in college.
2006-12-16 15:48:38 · update #1
Not all apartments will require a credit check. All I needed to have was a down payment and the first months rent. If you go through a local landlord, instead of apartments owned by a company they will usually work with you.
2006-12-16 15:34:16 · answer #1 · answered by Anonymous · 35⤊ 11⤋
Most landlords do not do credit check. Only a few do. From my own experience, even people with bad credit history would usually pay their rent on time. That is why landlords don't usually do credit check. They are more concern about getting a good tenant who could take care of their property. So, dress up nicely and be polite would be the best thing to do.
I have been renting my property for more than 10 years. I never conduct credit check. I never have a single problem with any tenants.
2006-12-16 23:45:34 · answer #2 · answered by Anonymous · 20⤊ 5⤋
Usually renting requires you sign a lease, this means that the landlord or its representative need to confirm they have a good chance of getting their rent , in full and on time.
A credit history also shows if you are a responsible person, that is very important for someone who is trusting you with there valuable asset.
Frankly , even if I didnt have other applicants I doubt I would consider you for a tenant based on what you have written.
Landlords usually need the rents paid on time to cover the mortgages and committments they have from investing in rental properties , this means they need to be paid which is only fair.
Given that the rental market is tight I seriuosly doubt if you will be taken on , i suggets you get your finances sorted and have a period where things are paid as they should be and on time, only then when you can show a track record of financial respponsibility will you be likely to be considered.
Harsh!, sorry about that but its about a business arrangement not a personal one.
2006-12-16 23:41:40 · answer #3 · answered by Anonymous · 8⤊ 20⤋