Why would my credit score cause my application to be denied to rent a house?

Question

I don't have a criminal history & have paid my rent or house payments every month for years!
I was told my application to live in a very nice complex was turned down.This is the only thing I could think of that would be negative if they ran a check.

Answer 1

They probably didnt want to rent to you and used that as an excuse. This isnt uncommon and while unfair at least it keeps them from being sued for discrimination. Property managers often will accept applications for an amount of time and have many more applicants than units available. Then references and credit make for handy refusal of applicant safe harbors. According to your question however you dont really know as they probably wont give the real a reason. Best of luck next time, you will find a better place.

Answer 2

2

Answer 3

There could be a number of reasons your credit application was declined. If your score is lower than a 600 it could be a warning sign to a would be landlord that you are a slow/no payer and may not have a solid credit history. However, the best way to find out exactly what could have been the culprit, you should visit www.annualcreditreport.com for a free copy of your credit report from all three bureaus. It is possible that inaccurate information has been posted and you might need to dispute those items. That is the first place to begin. You should check your credit every 6 months to avoid issues later on.

Answer 4

The landlord has no way of knowing if you have paid your rent on time in the past. They use the credit score to get an idea of how people have handled their fiscal responsibilities in the past, someone with a poor credit score would appear as a risk and if the have multiple applicants the credit score would be used to reduce the risk.

Answer 5

Perhaps your score might be a problem for them. Sometimes landlords want people to be making 3-5 times the cost of the rent. Most people pay half of what they make in a month in rent.

You should get your own credit report. Maybe there is a discrepancy with your credit that you dont know of.

Answer 6

You may want to get a copy of your credit score to see if there is any negative entries. It may be something that you need to dispute. Also, they may have looked at your income and calculated that you couldnt afford it, based upon your income. You can always call the apt back and ask them what specifically was the problem.

Answer 7

it could be anything from your credit (which you have to give permission for or at least be aware of) to the ratio of your income to possible expenses. Perhaps references from previous landlords were less than stellar. There's a lot of competition out there. Call them or go and ask what happened. Don't assume.

Answer 8

relies upon on the kind of apartment. Low earnings leases are your desirable wager . Month to month tenancy is the norm on those so if ya don,t pay-up the owner can placed ya out with a word to stop . in illinois 5 to fifteen days is the avarage & the owner would not want a reason .

Answer 9

Maybe you should get a copy of it and see what is on there. My husband and I were turned down for a mortgage on our first house. We got a copy of our credit report and there two erroneous items on it. Once we got those straightened out, everything was fine.

Answer 10

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