Apartment Credit Check?

Question

I put in an application for an apartment today. They said the background/credit check was based on: Credit, Past Renting experience, and criminal record and reported back as a score on a point system.

I have no previous renting history, this will be my first apartment; I have no criminal background; but I do have 1 charge off on my credit report from almost 3 years ago.

The leasing agent didn't seem to think it'd be a problem - does anyone have any experience with this point system? Do you think I will get the apartment?

Thanks for your input!

Answer 1

I am a landlord myself - if everything you just described is all - then most likely you'll get the apartment based on the following:
- landlord has no better applicants
- landlord is willing to take risks on your relatively "new" history
- the chargeoff itself should not be such a big deal.
Good luck

Answer 2

I think you will, I really don't know what they go by. But when i got my first apartment i didnt have any back round and i got the place. I think they just check to see if you havent paid your rent or have late payments on credit cards. They just want to make sure that you make enough money for the apartment

Answer 3

You should be fine. Depending on how old you are, the leasing agent might ask you for a co-signer. Apartment management companies run credit checks to see if they are renting to someone responsible, or someone irrisponsible. Think good thoughts.

Answer 4

you would prefer to stay faraway from any tremendous company type complexes. they are going to continually run credit/ heritage tests. examine the newspaper labeled or Craigs record for a smaller complicated or an position of living owned through a landlord who would not trust in those issues. issue is, the position of living would no longer be in the most ideal structure or community.

Answer 5

No something from that long ago won't be a problem. They are looking for current continuous credit problems.