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sara250183
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Subject: Credit Checks for Apartments
 
Posted on Wed Apr 30, 2008 1:05 pm  

I have a question... my boyfriend and I are starting to look at apartments together. My credit score is 530 and I have a couple of old utility bills on my credit report. I was just curious if anyone knew what is looked for on a credit report in terms of renting an apartment and whether my credit might hinder us from getting approved for one? I live in CT, make descent money, at the same job for 2 & 1/2 yrs and also have a reference from my previous landlord where I resided for 3 & 1/2 yrs. I know that no one would know for sure, but just curious other people's thoughts, experiences, and/or opinions? I don't even know if I am posting in the right spot, I am just curious...

Thanks so much!!
sdchargers_63

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Subject: credit
 
Posted on Wed Apr 30, 2008 5:00 pm  

Well...........I live in an apt, too. I've lived here for 8 years, so far. When I applied, the Landlord DID do a credit check. What she was looking for was outstanding utility bills, anything 'oustanding' on PAST rent from another Landlord, etc. Hope this advice helps.
Kristie
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Subject: Credit Checks for Apartments
 
Posted on Mon May 05, 2008 6:27 pm  

My husband and I just applied for a new apartment. They did a credit check and because our credit is not so good they are requiring one and a half months rent for a deposit. Instead of just one month's rent. We're also in Connecticut.
fireyone



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Posted on Mon May 05, 2008 10:40 pm  

Sd chargers is right here. They definately do a credit check and utilities are looked at. Usually though like Kristie said the worse your score the higher the security deposit.
sdchargers_63

sdchargers_63

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Subject: credit checks
 
Posted on Tue May 06, 2008 11:23 am  

Yep..I live in low-income apartments. They are VERY nice ones..the County owns them and the maintance is kept up pretty well. The Housing Authority ('landlord') do a Credit check to see if you owe 'outstanding' utilities. I DO know of some people who couldn't 'qualify' because they owed uitily bills somewhere else. And..FIREYONE is correct...this ALL depends on what your deposit would be.
CMBV22

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Posted on Mon May 12, 2008 5:15 am  

I did it AGAIN! i KEEP FORGETTING TO LOG IN BEFORE i POST!

I live in an apartment in CT and I know my complex looks at your credit, Your income (you have no make atleast 28k per adult) and then references. I'm sure with your old land lords reference you could get an apartment. Just remember in Ct they cant ask you for more then 2 months deposit but, you can offer more. Also, landlords are required to pay you intrest on that money. The exception being if you are late a month on your rent they can keep the intrest...unless they charge you a late fee, then they cant keep the intrest.
sdchargers_63

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Subject: credit
 
Posted on Thu May 15, 2008 10:56 am  

Where I live is a 'college' town. Right in the middle of it, is a University. ALOT of the Lanlords, around here have ;hiked' up the rent, because of the college students damaging properties, etc. Just the past few years, Landlords ( that rent to Universtity Students) are REALLY cracking down on looking at Credit Reports before they rent to anyone. I've known a few people who ere 'denied' housing ( not talking Dorms, etc) because they had some 'issues' with their Credit.
CMBV22

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Posted on Mon May 19, 2008 6:47 am  

I think that you will find these days that more and more landlords will be looking at CRs of possible tenents. While the large rental companys might have rules that are written in stone in regards to accepatble credit scores. I think that you will find that most people who own a second home etc are more accepting of low scores due to various life issues.
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fireyone



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Posted on Mon May 19, 2008 11:52 am  

I agree. I think alos alot of times landlords do get stuck with unpaid rent and bills. I can not say that I blame them for checking reprots. I use to have a relative living with me. I never charge any rent just asked him to pay the defference in the bill hikes and extra food. In the end I was paying for him to live here. He would pick up a few non essential groceries but use three times that amount. When the electric spiked to a higher level he moved out and I was left paying all the extras. People these days can barely afford to pay their opwn way let alone someone elses. You hate to say no to someone but you also can't say yes especially if their report isn't too favorable cause then you take the chances af removing food from your own table. Hope this doesn't sound cruel. It isn't meant to.
CMBV22

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Posted on Mon May 19, 2008 5:49 pm  

No, it sounds logical
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carol

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Posted on Tue May 20, 2008 5:44 am  

I think that the landlords perform credit checks to ensure that we pay the utility bills timely. If our utility bills are outstanding, they do not want to take the risk and charge a few months rent as deposit. The more outstanding are the bills, the more is the deposit value.
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Patience
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Subject: Cedit checks
 
Posted on Wed Jun 25, 2008 1:32 pm  

Tell me about it, I live in jersey and me and my boyfriend are trying to get a place but we are a young couple and it sucks really bad if u have no credit at all!!!! we cant even apply and then we pay a credit check fee of $50 and never get it back. They want $3000 deposit. And now adays its hard enough getting good credit well to there standards. Im just venting let me know if anyone can help!!!! (please)lol
Thanks Patience
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Posted on Thu Jun 26, 2008 12:54 pm  

Hi Patience
Since neither you nor your boy friend have a credit history, it is very difficult to get a apartment at a low rate. I don't find any way out for you. But try and find out a apartment with low rent and low deposit. At the same time try and get a secured credit card from your bank and start building a new credit history by making monthly utility payments with the card and repaying it on time to ease future requirements.
Albert
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Posted on Thu Jun 26, 2008 1:08 pm  

Hi patience
Since you do not have a credit history, you can try and find out any of your friends or family members with a good credit history and rent the apartment in their name under the condition that you will be making the monthly payments of rent on time. If you can get somebody with a good credit history you can get an apartment with a low security deposit. However, it is very difficult to find a person who will be willing to offer you to live in an apartment rented in his/her name because if you fail to pay the rent on time, his/her credit score will be greatly affected.
john
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Subject: what do they look for on credit
 
Posted on Fri Apr 03, 2009 6:24 am  

i want to know whatsdo apartment complexes look for

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