do i have to have good credit to just rent A HOUSE?

Answer 1

It will really depend on the landlord.

If they charge for an application fee, ask them first what they are looking for with regard to credit.

We check credit to see if there are any judgements for evictions or to look for basically fraud.......apply for lots of credit cards during Christmas and here it is May and not one payment was ever made on them.

We laugh at some landlords that say " A+ credit only " because frankly, if someone has perfect credit they will get smart and buy something eventually.

As a landlord we want LONG term renters. People with credit problems are LONG term renters. Life long....Chronic renters....they will likely never own or don't understand the concept or whatever. We like them better than the perfect credit giving 30 days notice after 16 mos because they are buying their first home types.

We weigh previous rental history much heavier than credit.

Answer 2

2

Answer 3

Depends on the house. People invest in houses to rent. Sometimes they just had an old property or only one property so it can't take alot of time. They screen renters with deposits or other quick means.
People that make a living renting houses spend alot of time repairing them between renters, screening renters, etc. People with bad credit are more likely to have 'emergencies", and "emergencies" can be messy or illegal and can damage your carpet.
Just because you can make a down payment doesn't mean you can make your monthly rent. Bad credit can warn them of this.

If you have bad credit, offer a greater deposit. Or find another house if they won't consider you. If you need, see if you could get someone to co-sign on the house lease. Their credit would be at risk, and the owner could put a lien on their property (as well as yours) if you default on charges when you leave.

Answer 4

Some landlords require a credit check. They are just trying to establish your ability to pay, based on your credit history. A bad report means a greater risk that you may not be able to pay your rent on a regular basis.

Answer 5

Look at it this way: If you owned a house would you want to rent it to someone who didn't pay his bills on time? Not paying your bills on time gives you a low credit rating.

Answer 6

You can't rent or buy anything decent without a credit check.

Answer 7

Some places do check your credit and won't rent to you if it's not at a certain level.

Answer 8

Im a landlord and we can check anyones credit for renting ...It shows if you have a tendency to not pay!...late payments and the such..A good tool in finding quality renters..

Answer 9

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