Thursday, January 24, 2019

This Is What Your Credit Score Should Be to Rent an Apartment

In almost all circumstances, a landlord or property manager will run your credit before renting out a place to you. But, what credit score is ideal for tenants and what's the lowest three-digit number landlords deem acceptable?

The truth is, there's some mystery shrouding this question. Unlike the home-buying process, where formal charts will help you figure out what rates you'll qualify for based, in large part, on your credit score, landlords operate at their own discretion.

So, we posed this question—what credit score do you need to rent out an apartment?—to 15 experts. Most agreed that you need a credit score of at least 650 to snag an apartment without any additional hurdles, like extra deposits, guarantors, or paying extra months of rent in advance. Most of them also noted some caveats.

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from Apartment Therapy | Saving the world, one room at a time https://www.apartmenttherapy.com/credit-score-to-rent-an-apartment-266377?utm_source=RSS&utm_medium=feed&utm_campaign=Category%2FChannel%3A+Main

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