Does anyone know the minimum credit score to get approved for an apartment? And do they check all 3 scores or just one?
2007-06-19 03:09:58 · 10 answers · asked by SATXMom 2 in Business & Finance ➔ Credit
Im sure this one will check. Its one of those equity apartments, has anyone used them before? I have but it was a long time ago.
2007-06-19 03:18:54 · update #1
one of the requirments is also for income to be at lease 3X the rent which i def have and i also have a clean record
2007-06-19 03:24:42 · update #2
My apartment didnt check any...
Most apartments requier check or cash not credit since there is such an overhead fee on credit
Often they just make you pay a downpayment of 1-2 months rent incase you later dont pay...
2007-06-19 03:12:34 · answer #1 · answered by Anonymous · 2⤊ 1⤋
1
2016-10-16 06:26:10 · answer #2 · answered by diament 1 · 0⤊ 0⤋
I have rented from 5 different places in my life and never once had them check my credit score. I think credit scores are only important when renting if you are very borderline in other areas. Like for example if you income may not be all that hot they may want a higher score. Or if you are not able to get much money down before you move in. I cant speak for all apartment complexes out there, but I can sure you there are MANY that do not care about credit score one bit.
2007-06-19 03:44:20 · answer #3 · answered by Anonymous · 0⤊ 1⤋
Its a judgement call. Some may check or not and if they do, look at different things. Some may want to verify your debt and others only want to know if you pay your bills on time or if there is anything that could possibly lead to wage garnishment, which would in turn affect your ability to pay rent.
But if you are sure that you meet the income requirement and your credit is clean then I think the better ? would be what is your debt to income ratio? Do you have enough income to pay rent along with your other bills...
2007-06-23 01:50:03 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Depends on the apartment. I rented an apartment before I had credit. Just had to show job stability and back ground check sometimes u just put down a little more.
2007-06-19 03:13:48 · answer #5 · answered by KORIN 4 · 1⤊ 0⤋
I think it varies. The last apartment I rented was years ago, and they checked my credit because I paid for the credit check (they checked EVERYONE'S credit). When I bought my house later, I saw the inquiry on one of my credit reports.
I did read something weithin the last year that a lot of the big apartment rental companies lowered their standards because a lot of people that were needing to rent from them had been foreclosed on.
So, I think it varies from company to company. If your credit score is low, they may ask you for a larger deposit.
Oh, and my experience is they check just 1.
2007-06-19 03:35:29 · answer #6 · answered by cardinalboy97 3 · 0⤊ 0⤋
That's up to the landlord.
When I was a landlord, I required a 650 and rent no more than 35% of gross income, or a 750 and no proof of income. Below that was a judgement call, I accepted some and rejected others.
2007-06-19 03:21:04 · answer #7 · answered by Bostonian In MO 7 · 1⤊ 0⤋
Apartments have a different scoring system than your FICA. Many apartments also have fatals. A fatal is something that rejects your application no matter what. For instance if you have an unpaid collection for another apartment complex on your credit, many will reject you no matter how good the rest of your credit is.
2007-06-19 04:23:47 · answer #8 · answered by LUKE 3 · 0⤊ 0⤋
That's right
2016-07-29 07:52:55 · answer #9 · answered by ? 3 · 0⤊ 0⤋
I have asked this same question 3 times, and not gotten a good answer
2016-08-24 06:08:47 · answer #10 · answered by Anonymous · 0⤊ 0⤋