Im looking to move into my first apartment. My credit scores are ok...but?

Question

My scores are 629 and 620. I would like to know if apartment complexes look at all three scores? I called this one place i like and she said they use a third party to review your credit application& rental history. ( I have never had an apartment) and then they come back with an answer like, Denied, first months rent, 2 months rent, or co-signer. I cant get a co-signer so i hope that my scores are ok. and they look at all three. Can any one give some help?

Im in the military. I have 1credit card and I just got approved from capital one so that one should be here soon. And I have a auto loan.

I dont have ANY NEGATIVE things on any of my credit reports. I plan to move in Novmeber. Im also 24 years old.

Answer 1

Those scores should be ok, but you are cutting it close. You may have to have a deposit or first months rent.

You should consider repairing your credit for future apps.

Answer 2

Those low 600s are considered sub prime .
If you get the C cards but do NOT put any charges on them , your score will improve .
( Charging like $50 but paying of the entire amount as soon as you get the bill is OK , but Never have an amount carry over )
The vehicle loan lowers your score because they are normally a high debt .

http://en.wikipedia.org/wiki/FICO_score

http://en.wikipedia.org/wiki/FICO

Apply for a mom and pop rental that does not necessarily do credit reports .
Apartment complexes will do the credit report .
Also check with the base office and see if they have any recommendations for housing friendly to GIs .

FYI > nearly all rentals , even with good FICO , require 1st month , last month and a security deposit usually equal to another months rent .
Welcome to the world of renters !

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Answer 3

I don't know much about credit scores, but I would find a co-signer whose credit is good. Then I would be honest about your credit issues, with whomever you are looking to lease the apartment from. Explain that you made some mistakes, but you are able to pay the rent on time.

You might also want to look into credit counseling just to see what you can do to improve your score. And for the future, just pay your bills on time.

Answer 4

constructive it incredibly is truthful. A landlord is incredibly extending a sort of credit to you -- their condominium income. A landlord relies upon on your credit historical past so that they are able to confirm that which you're somebody they are able to risk consistent with for stable income. consistent with how aggressive your condominium marketplace is, credit comments are many times secondary issues to condominium and income references. i've got not experienced any sources administration companies purely basing their standards purely on credit rankings. in spite of the shown fact that, while you're in a very selective condominium marketplace (severe rents, severe call for, few vacancies, etc.), then some properties could arise with the money for to be greater picky.

Answer 5

You need a credit history. Have you ever had a credit card? Have you ever bought a car? These things help your credit rating. 600 to 630 is ok, but not great. What is your history of credit? If all else fails get a friend or better a relly to cosign.

Answer 6

I am not sure from your post but it sounds like you have gotten a denial letter already so ask exactly why you have been denied and see if you can fix the thing that is hurting the most.

Good luck.