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first time renting with a 596 fico score

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maria
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Subject: first time renting with a 596 fico score

Mon Jul 14, 2008 7:16 am

Im looking for apartments and I've never rented before I have a TU fico score of 596.

Will my credit score keep me from staying off the street and being accepted to rent my first apartment?

I don't have loans or credits or anything just medical bills. a bill from a stolen cell phone that will leave my credit report next year.

sdchargers_63

Joined: 13 Aug 2007
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Posts: 891

2654 Magic Points

Subject: credit

Mon Jul 14, 2008 10:46 am

Hello.....welcome to the forum. I just want to say ( from renting myself) that most Landlords look at CR's...not to REALLY see what your score is, but, to see if you have any outstanding utility bills, outstanding rent from another Landlord that may have reported the deliquency, etc. Also......Landlords want to know if you can actually afford where you are going to rent. Just curoius..what state are you in? Hope this helps a bit.

cbass1017

Joined: 01 Feb 2008
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Posts: 89
Location: PA

353 Magic Points

Mon Jul 14, 2008 11:12 am

I agree sdchargers! And in all honestly not all landlords required a credit check. But even if they do I've never heard of a landlord actually checking you credit scores as well.

Depending on how much money you make you might be able to qualify for assistance from either the state or the hospital that provided you services to pay off your old medical bills. I had to go to the hospital once without insurance and ended up with a bill for $7K. After about a year of not making payment I contacted the hospitals business offices and requested help. I had to provide them proof of my income but a month later I received a letter stating they settled the debt for me and I owed nothing. It was also completely removed from my credit reports.

You never know but its worth looking into.

Good luck.
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DiYCreditGuide.com

sdchargers_63

Joined: 13 Aug 2007
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Posts: 891

2654 Magic Points

Subject: credit

Mon Jul 14, 2008 11:19 am

I'm in the middle of the 'Medical Bill' thing, too. Lots of help out there...that's for sure. I live in PA. I've rented from the same people ( Housing Authority) for 8 years. I think, too, what people don't realize is that just staying in the same place for a while, working in the same place, etc. kind of gives you 'credit', too. Hope this makes sense.

Maya
Guest

Mon Jul 14, 2008 3:05 pm

Talking about rent. If I did a foreclosure to my home and go back to rent. does the landlord need to know that? Will be easy for me to rent with a background like that?

goodnatured

Joined: 03 Nov 2007
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Posts: 3138

5338 Magic Points

Tue Jul 15, 2008 2:14 am

If the landlord does a credit check, which a lot of them do these days, they will see the foreclosure on your credit report. Otherwise, if you know that they will not pull a credit report they have no way of knowing. You should ask them if they pull the credit report or not. Then you will have an idea of what lies ahead and be ready to explain.
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Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!

sdchargers_63

Joined: 13 Aug 2007
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Posts: 891

2654 Magic Points

Subject: income

Tue Jul 15, 2008 4:32 am

I don't know if forclosure would be a negative thing or not, on your CR ( concerning the Landlord, anyway). I know a few people that did just that. They didn't have any trouble finding places to rent. However..I guess it depends on the state (maybe?) I don't know.

Mary

Joined: 06 Jul 2006
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Posts: 322

8655 Magic Points

Tue Jul 15, 2008 11:01 am

Hi Maya
Now-a-days most landlords check credit report before renting you a home. Actually as far as I know, they do it to see whether you are delinquent with any utility bill payments or not. It has nothing to do with your credit score and they rarely check your credit score. But if you have foreclosure in your credit report, you may have difficulty in getting a home on rent at a competitive rate.
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Where there's a will, there's a way !!

goodnatured

Joined: 03 Nov 2007
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Posts: 3138

5338 Magic Points

Wed Jul 16, 2008 3:10 pm

That would make sense, because the landlord would want to see do you pay your utilities and other monthly expenses, so this may affect your ability to rent depending on what this landlord is actually looking at.
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!

sdchargers_63

Joined: 13 Aug 2007
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Posts: 891

2654 Magic Points

Subject: debt

Thu Jul 17, 2008 11:28 am

I think the outstanding utility bills, other Landlords, etc. is the BIGGEST thing, however, that Landlords DO look for. I know someone who wanted to rent an apartment in the building where I live. The person told me they couldn't rent an apartment because they owed money to a former Landlord. The former Landlord had them evicted ( from the story I got, anyway..) and the former Landlord reported the outstanding money.

Mary

Joined: 06 Jul 2006
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Posts: 322

8655 Magic Points

Thu Jul 17, 2008 12:50 pm

I agree with you chargers. Before renting a house, the landlord looks at your credit report to find out whether you are regular at making your utility payments on time. If you are delinquent, they will generally not agree to give you rent. Even if they give you rent, they will charge a high rate. Other details like credit score are of no use to the landlord.
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Where there's a will, there's a way !!

reggiesmurf
Guest

Subject: lies

Wed Aug 06, 2008 8:01 pm

why is it that all these credit scoring places tell you straight out lies that its free ,but yet soon as you finish filling them out there it is we need your credit card ,what about those without one,why not just say this no card no service .

goodnatured

Joined: 03 Nov 2007
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Posts: 3138

5338 Magic Points

Thu Aug 07, 2008 1:23 am

Because then they have all your information to either fill up your mail box or your email. So to test them out just put in bogus information until you get to the end and see the credit card information, then bail out. It will save you a bunch of advertising junk in your mail box.
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!

erb1953

Joined: 31 Dec 2007
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Posts: 631

8 Magic Points

Thu Aug 07, 2008 3:27 am

you will need to go into the first email that you get from them and unsubscribe or they will fill your email up daily, it is a real pain in the butt.

fireyone

Joined: 26 Feb 2008
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Posts: 2861

2006 Magic Points

Thu Aug 07, 2008 12:38 pm

That really is ridiculous when you stop and think of it. A person is simply trying to get their score and you have to deal with htis garble. I wonder if there is a way to get your credit score by mail. They should be able to send you a form or let you fill the form out online and then mail a check. I really do not like putting my cc info out there. And this is one of the reasons. I know I would have trust issues with a company who offers to give me my score and then solicits me with junk mail and asks for my cc number. They shouldn't need a credit card number if its free and if it is for verification purposes then find another way to verify.

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