what do they look for when they check your credit?
2007-12-10 05:29:43 · 11 answers · asked by mizmaryjane 1 in Business & Finance ➔ Renting & Real Estate
but i mean like where can I find it on my credit, just to save me some embarrasement??
2007-12-10 05:38:48 · update #1
I look for evictions mostly. I don't pay much attention to the score, but I do look to see if they pay their bills. If I see a bunch of charge offs on there I instantly file that in the circular file. I also check to see that they have some good stuff reported. You would be AMAZED how many people are out to rip everyone off and do not pay ANY of their bills!
Additionally you can verify employment and previous addresses from a credit report.
2007-12-10 05:38:49 · answer #1 · answered by Landlord 7 · 5⤊ 0⤋
If you are in the US, go to Experian.com, Equifax.com and Transunion.com. You can get a free credit report each year from them, but it won't include the credit score. You can get the score for about $6 each, and it is worth the money. This way you can see almost the same thing the
Don't buy any other services they offer you. Debt Analysis means they'll compare your monthly debt loan to you income and you can do this for yourself for free.
2007-12-10 07:54:38 · answer #2 · answered by Debdeb 7 · 0⤊ 0⤋
How Creditors Measure Your Credit Rating
http://on-real-estate.blogspot.com/2007/12/how-creditors-measure-your-credit.html
2007-12-10 08:57:09 · answer #3 · answered by nigyar_98 2 · 0⤊ 0⤋
If you're looking to rent a place where the landlord doesn't care about credit rating, look at month-to-month or even week-to-week terms instead of the usual 1-year lease rentals. 400 to 800 per month is very relative to the location. You won't find apartments at that rate in a big city.
2016-05-22 12:05:56 · answer #4 · answered by Anonymous · 0⤊ 0⤋
the truth is when landlords are checking your credit they are looking for any clues to determine if you are going to pay your rent on time, things like late payments, judgments or collections. Most people that are not involved in banking do not really know how to interpret a credit report anyway more than if it's bad you don't get to rent here, but if you are able to explain any negatives I think that should be fine but if it's not there is credit repair.
2007-12-10 05:41:22 · answer #5 · answered by Anonymous · 1⤊ 1⤋
Your free annual report is an annualcreditreport.com
They WILL charge you to see your credit score, but the credit report itself is free. You don't have to have your credit score in this situation.
You may also find errors and the website will tell you how to fix them.
Good Luck!
2007-12-10 06:29:04 · answer #6 · answered by starrystarrynight 4 · 0⤊ 0⤋
They want to know, like every creditor, that you pay your bills on time, don't write bad checks and see if you have alot of unsecured debt to pay back. If you have bad credit, be up front with them and try to explain things before they see your report.
2007-12-10 05:39:15 · answer #7 · answered by tarie75 4 · 2⤊ 0⤋
Evictions. Bankruptcy. Credit score. Outstanding debt. Late payments. Write offs.
Pay your bills on time and you have nothing to worry about.
2007-12-10 05:36:59 · answer #8 · answered by Tim 7 · 1⤊ 1⤋
One thing they don't want to see is problems with previous landlords. Also if there is a history of writing bad checks and such.
2007-12-10 05:34:14 · answer #9 · answered by countryguyhfc 5 · 1⤊ 0⤋
To see if you pay on time and you are a good risk.
2007-12-10 05:38:29 · answer #10 · answered by KathyS 7 · 1⤊ 1⤋