What can they find that can make them not want to find an partment for you? Is there a certain number?
I have a public notice on my credit history, for a bill with an old apartment I had. ($3,600) Could this stop me from getting a place to live?
2007-06-23 11:02:23 · 9 answers · asked by MrRiches 2 in Business & Finance ➔ Renting & Real Estate
They want to make sure you pay your bills, don't default on payments, and most importantly, don't have any judgement against you for thinks like unpaid rent and recovery for excessive damages to an apt. Mant landlords turn to collection agencies to recovery unpaid rent/excessive damage costs, and that shows up on your credit file.
2007-06-23 11:15:34 · answer #1 · answered by aackpht 4 · 0⤊ 0⤋
I am afraid your credit history will prevent you from renting from landlords that do credit checks. However, I would start looking for apartments that don't do them. There are still some landlords out there that you could pay 2 or 3 months in advance without a credit check and they would accept that instead. I am a landlord and I just check to see if that person is working and how long they have been at the job. I feel like other landlords can sabotage their renters sometimes and that isn't fair just to judge them on their credit rating.
2007-06-23 11:25:13 · answer #2 · answered by perfectmom88 3 · 0⤊ 0⤋
Landlords are looking for indications regarding if they can depend on you paying your rent.
I own rental property.
A credit check doesn't have to be squeaky clean in the high 700's for me to accept a renter.
But if it shows the applicant has a history of getting evicted every 3 months for the past 5 years... that tells me that they pay deposit and move in cost then never give the landlord another dime.
Somewhere in between will be the line where any particular landlord will accept or decline an applicant.
If you still owe another landlord $3600... I'm not letting you move in one of my rental units...
2007-06-23 11:16:22 · answer #3 · answered by Anonymous · 0⤊ 0⤋
They take a look at your credit history to make sure that you will be able to make monthly payments and if you will make them on time. By looking at your credit history they can see if you are in debt and won't be able to afford the place and to see if you pay your bills on time or if you have ever been delinquent.
It's basically to avoid problems down the line.
In some instances, if you have bad credit, they may allow you to have somebody co-sign for you. So if for any reason you can not pay, the co-signer will be responsible - it ensures that they will be able to get money for their service of renting out a place.
2007-06-23 11:11:18 · answer #4 · answered by Anonymous · 0⤊ 0⤋
That's exactly the kind of thing that ur landlord is look for in your credit history. Odds r real high that in finding that on your report, he won't waht to reant 2 u. However, He may understand ur situation, & decide 2 give u a chance anyway. Just b honest. Ul b fine!!!
2007-06-23 11:11:45 · answer #5 · answered by Anonymous · 0⤊ 0⤋
My parents own alot of rental property. What they are concerned with is getting the rent money(number 1) and having someone who is not going to tear the place up (number 2). Having a past record of not paying rent? What do you think? What do you think they are thinking? Simple, eh?
2007-06-23 11:12:06 · answer #6 · answered by tlbrown42000 6 · 0⤊ 0⤋
They're looking for assurance that you'll pay your rent reliably. Yes, the item you mention on your credit report could keep you from getting an apartment you're trying to rent.
2007-06-23 11:06:15 · answer #7 · answered by Judy 7 · 0⤊ 0⤋
Not having paid your rent in a previous place, that would be a flag they'll look for. ~
How do you think people get to live under bridges? ;-)
2007-06-23 11:10:05 · answer #8 · answered by Anonymous · 0⤊ 0⤋
They want to know if you will pay the rent.
2007-06-23 11:10:01 · answer #9 · answered by slice of jam 3 · 1⤊ 0⤋