What range of credit score is acceptable for renting an apartment?
Question by Kathy N: What range of credit score is acceptable for renting an apartment?
My company is closing here in California next May and I will be relocating to Austin in either mid-Aprl or May 1st of next year. I have been with my company for 23 years and am looking for a 4-6 month rental until I purchase a home. My current credit score is fair-good due in part to a divorce a couple of years back. As I have never rented an apartment before, always a home, I am not familiar with the credit requirements, I have heard they are very stringent. If I would not qualify, any advice you might have to offer would be greatly appreciated.
Best answer:
Answer by Anne
The truth is that it is not necessarily your credit score, but more specific, they will look for defaulting on leases, and such. Very few landlords check it like a credit card company would. However, these days, credit scores are usually checked by some landlords.
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Categories: Credit Score Questions Tags: acceptable, apartment, Credit, range, renting, Score
Q&A: Anyone have experience “renting out” your good credit?
Question by sal: Anyone have experience “renting out” your good credit?
I wish I understood this concept better. Saw an article in the paper about a way to make money if you have good credit and some credit cards. The company name is ICB credit investors. They hook you up with people who need better credit to buy a house. Somehow you make money at no risk by letting these people with bad credit “rent” your good credit?
Best answer:
Answer by pharmdawgz
Don’t do it. If the people “renting” your credit go bankrupt or stop paying their bills, your credit will get dinged because it’s your credit they bought their stuff on.
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Categories: Credit Score Questions Tags: anyone, Credit, experience, Good, renting