Wednesday, May 26, 2010

What credit score do landlords look for?

I need to know this for renting purposes.



What credit score do landlords look for?

It depends on the landlord. Generally at least 620 at the nicer places...



What credit score do landlords look for?

I have rented loads of houses and apartments, and NEVER has a landlord looked up my credit score!



What credit score do landlords look for?

Generally 550 or better. lower then 600 is considered only %26quot;fair%26quot; but they usually will accept that with a security dep. of soem sort if not more then is required. It also depends where you are renting from...



What credit score do landlords look for?

Landlords are not really looking at your credit score, but on your payment history, especially if you are applying to a high-end apartment. If you have a history of paying late or not paying at all or many collections on your credi (especially from previous landlords or utilities)t, then this could be a big gamble for the landlord to take.



Marks such as those on your credit score can be a indicator that you will not pay your rent on time either. Before you fill out the rental application and pay the fee, pull up your own credit report and see whats on there. If you have anything within the last 3 years that is delinquent, not paid, any bankruptcies-7 or 13, or collection activity against you, then you should be prepared to explain on the application why those are on there and state that you are willing to perhaps pay a bigger security deposit. Listing your credit delinquencies on the application shows that you are aware of your credit and you are working on the past due accounts. Otherwise, you might also have to accept having your application rejected altogether.



GL-



MA



What credit score do landlords look for?

ask for his total income



see how much money he has on his credit cards



or morgate



or carloan



he / she should be making 2 times X rent extra after paying credit cards so that he will pay rent on regular basis.



What credit score do landlords look for?

At least 550, but what they are really looking at is your payment history. If you have a history of paying things late, collections from other property management companies or judgments they may require a large deposit.

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