Landlords and property managers ask for a ton of information about prospective tenants’ personal finances before agreeing to rent an apartment to them: paystubs, tax forms, and credit scores. Learn more about how yourcredit scoremight affect your rental application, and what you can do ab...
The minimum you should be striving for is a good score. An average score won’t cut the mustard if you want thebest interest rate. Even when you are applying to rent, your credit score can come into play. Those with bad credit are often forced to look for ano-credit-check apartment, ...
Plus, your excellent credit will never stand in the way of your ability to rent an apartment, open utility accounts or — if your employer checks credit before hiring — get a job. The bottom line You have an excellent credit score if your credit score falls within the 800 to 850 range...
Charge it! Credit cards aid apartment rentals.Weiss, Lois
The good news is that a strong score can save you serious money over time. Read: Best Low-Interest Credit Cards. What Is a Credit Score? Whether you want to borrow money, open a utility account or rent an apartment, you're asking an entity to trust in your ability to pay your bills...
Mia Melle, president of the Southern California-based property management firm Renttoday.us, also suggests including a letter of explanation with your application. "We want to get the person in the property through methods besides looking at a FICO score, so we'll sometimes ask for a letter,...
After reading, you’ll understand how to rent an apartment or house without credit. Facts and Figures Worth Knowing 1. No credit check homes are rental properties that do not require a credit check as part of the application process.
To begin, know what landlords are expecting in terms of credit scores. Rent.com says that many landlords peg the preferred credit rating to be at least 670 for rental customers. So step one is to go ahead and check your credit score to see where you stand. Once every year, you can ...
Whether you are looking to secure a loan, rent an apartment, or get a competitive interest rate on a credit card, having a good credit score is essential. Here are a few reasons why credit scores are so important: 1. Loan Approval: When applying for a loan, such as a mortgage or an...
contracts. Often, you also need credit to rent an apartment. While there's not a specific credit score threshold that all property managers and landlords use, they are typically looking for renters with credit in the "good" range, which is generally 690 to 719 on the commonly used 300-850...