2007-10-16 02:41:46 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
I have credit challenges due to unpaid credit cards and medical bills can this keep me from beig approved for a apartment?
2007-10-16 02:43:07 · update #1
The entire scope of a credit check is different between each apartment community and landlord. If they do a check and you have certian ratings or a low score, it could prevent you from getting the apartment you want. I would be honest, explain the situation and ask if there is anything you can do to get the apartment. Perhaps a cosigner or additional months security deposit.
Good Luck!
2007-10-16 05:59:17 · answer #1 · answered by K&A 3 · 0⤊ 0⤋
Having experience as a landlord, while credit card debt might be an issue, if the prospective tenant had a job with a salary that would support the payment of the rent, and had been there a year or two, I would overlook late payments. Especially if other references checked out. Good luck!
2007-10-16 02:51:02 · answer #2 · answered by ? 6 · 0⤊ 0⤋
Each industry has a different scoring and credit model. For example the mortgage industry uses all three and takes the middle score. The rental industry may use just one.
2007-10-16 03:28:07 · answer #3 · answered by Shazam365 1 · 0⤊ 0⤋
If your credit score is below 620 they might ask for an extra 1 month deposit.
As long as you have no housing-related problems on your report, that should be all they could need.
2007-10-16 03:38:40 · answer #4 · answered by Mike 6 · 0⤊ 0⤋
They are mostly worried about your job status.
Do you work, do you show up, maybe past refrences
from previous apartments.
Mostly work.
2007-10-16 02:44:48 · answer #5 · answered by Fuzzybutt 7 · 0⤊ 0⤋