There's no set score you need to be able to rent a property. But keeping an eye on your financial health can help make the process easier.
Credit score requirements for apartments vary by landlord, but most require at least a 670. Landlords can also view your credit report for any delinquencies or accounts in collections. If you have a low credit score, landlords may ask for upfront payments, guarantors, or references.
Learn about your credit report and how to get a copy Online by visiting AnnualCreditReport. By calling 1-877-322-8228 (TTY: 1-800-821-7232) By filling out the Annual Credit Report request form and mailing it to: Annual Credit Report Request Service. PO Box 105281. Atlanta, GA 30348-5281.
While specific requirements may vary, landlords often prefer tenants with good to excellent credit scores. Generally, a score above 700 is generally considered favorable, reflecting a history of responsible financial behavior while a score of 800 or higher is considered stellar.
So, if your renter has a score of 670 or higher, that's a very good credit score for most rentals. Most landlords are looking for a score somewhere between 600 – 650 since renters don't have the credit history of making mortgage payments to boost their credit score.
Credit score requirements for apartments vary by landlord, but most require at least a 670. Landlords can also view your credit report for any delinquencies or accounts in collections.
Credit score requirements for apartments vary by landlord, but most require at least a 670. Landlords can also view your credit report for any delinquencies or accounts in collections. If you have a low credit score, landlords may ask for upfront payments, guarantors, or references.
A credit freeze restricts access to your credit report. If you suspect your personal information or identity was stolen, placing a credit freeze can help protect you from fraud.
You can check your credit report through credit reference agencies (CRAs), such as Experian, Equifax and TransUnion. CRAs collect and hold secure information about your credit history, which is bound by the Data Protection Act.