Hi I would like to know what parts of my credit will the Landlord check. My husband and my credit score is pretty low. We have not evictions or criminal backgrounds.
2007-09-21 14:33:43 · 6 answers · asked by true_blue29488 1 in Business & Finance ➔ Credit
Landlords will check your credit score like any other card service would. They also check to see any outstanding debts. and how much and how far you are behind. Not all but some landlords will ask that you clear up your credit or bills. I have heard of people being turned down because of outstanding debt.
2007-09-21 14:40:42 · answer #1 · answered by duh..... 1 · 0⤊ 0⤋
It really depends on the state that you live in. Most landlords look at your current credit history, even if you have a low credit score you can still be approved if your report is showing that your current bills have been paid on time for the last few months or you have proof that the ones that are showing late payments have been paid off. Lower credit scores may require a larger deposit. Some landlords also require that your total monthly income is three times the amount of the monthly rent.
2007-09-21 21:46:56 · answer #2 · answered by floridagirl 1 · 0⤊ 0⤋
He could run a full credit check...usually they will charge a non-refundable fee to cover the cost. They may just check with sources that would show evictions or they may actually get on the horn and speak with previous landlords. If you are having trouble getting a place stay away from management companies and try to find an owner who is taking care of his own rental property. Check phone number in ad by doing a reverse search at such places at white pages web site. If the number can't be found it's probably a cell phone of the owner of the property-may be your best bet.
2007-09-21 21:43:07 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You should not have a problem then...what they are looking for is a clean record, paying record, a reference from where you lived last and an ample job. Each place has one specific credit bureau they check with. If you ask them which one though it will alert them to the fact that you're nervous about it and they "might" think you're hiding something.
2007-09-21 22:26:00 · answer #4 · answered by sophieb 7 · 0⤊ 0⤋
Typically they look at your credit score and if it is low then a cosigner is required.
2007-09-21 21:36:45 · answer #5 · answered by Anonymous · 0⤊ 0⤋
They check debt to income ratio to see if you can actually afford to pay the rent on the apartment, and they check payment history to see if you actually will pay it.
2007-09-21 21:40:22 · answer #6 · answered by claudiacake 7 · 0⤊ 0⤋