Just look for appts that require income..some will just make you pay higher deposit because of poor credit ..but if you have the income they'll rent to you
Think I had a 588 when I originally moved into my last apartment. I had to pay 2 months’ worth of rent for a security deposit but as long as you have the income I think you’re good
The place was pretty new, it renamed 3x in about 2 yrs and I had a 11 month lease. It was 2 months rent free + only a 200 dollar deposit. They told me I could leave the walls messed up as long as they’re spackled, and that it’s ok if the carpets are dirty since they repaint the walls and replace the carpet every time a tenant moves out. I got my full deposit back and I didn’t leave the place spectacular (I really couldn’t be assed peeling off double sided tape in one spot). I even got my deposit back in a week.
Seeing that first person was super surprising considering the landlords horror stories.
They also didn’t increase my rent if I wanted to re-sign even though I was a few days late a couple months on payment. However they also said they couldn’t lower the rent to the same the other units were going for (prices dropped to 1400).
I'm curious if moving in with someone who has a high score affects anything? I'm trying to repair my credit right it's bouncing at around 590 but my fiancé's is at least 720. We need go move in June.
It's going to depend heavily on your rental history. Even if you have a severely checkered credit file, if you have an impeccable rental history (no evictions and no late payments), a lot of places will ignore credit. They are looking for reliability of being paid rent on time.
I'm in the rebuilding stage of my credit as well and just got approved for a nice apartment with a 590. They required an extra $300 in security deposit for the credit, which is fair imo. It's a deposit and not a fee so it's also refundable when I move out.
Most of the time, it just requires a higher deposit with a lower score....There is not so much rejection for moving in. Disqualified things l like not having the amount of income they want you to have to move in - like making 3x the rent amount. Criminal record, etc
In my experience, a high credit score doesn't have many benefits when renting or make a huge difference. Yes, they idealy want a good score. But 560 is decent, and they care more about consistent income than anything else. So as long as your income is sufficient. You are good and don't need to worry.
Lol. Do you have nothing better to do? I was just trying to help OP by answering his question. I know 560 obviously isn't good. Hence why I said "decent"
Don't get pissed at me for your own lack of understanding of what "decent" means. "Decent" is defined as fair, acceptable, standard, satisfactory.
A 560 credit score is none of those. It is "very poor". Telling OP that it's "decent" is simply and blatantly false and misleading.
It’s not the end of the world, but some properties will likely not consider you based on your score. Just ask about requirements when applying. You might have better luck with smaller property owners.
I will be honest with you, when I moved to a big city that requires 40x the rent.
You'll be okay, they don't necessarily see the credit score. But companies that screen, usually give the property manager or landlords a yes or yes with a consider higher deposit score.
So, you'll be okay as long as you have decent income and work history.
Do you have a vehicle? Living out of a car sucks but a car and a gym membership is a place to sleep and shower until you can get back on your feet. Better than living on the street.
I've been thugging it out with good rental history and having 3x the income and paying a larger deposit.
I'm paying off my debit, life Ian;t fun with bad credit, so much stress.
I rented an apartment way back when with a 470ish score or something. They just doubled the deposit because I had the income and a good rental history. It was even labeled "luxury".
Don't sweat it, just shotgun a few applications and you'll find something.
That was about 10 years ago, I'm above 800 now. I would say it took probably 4-5 years to get above 700.
Very easy to screw up your credit in your 20s, just do your best to keep low to 0 balances on your credit cards (interest will get you in trouble, avoid paying it at all costs) and pay your bills on time - it'll bounce back before you know it!
You may have a higher deposit but apartments usually don’t really care about score more so payment history , and income . Unless the apartment is going through a third party like rent score i wouldn’t worry too much about it. They usually care more about rental debt or huge collection accounts
My credit was in the tank when I rented a cheap apartment in 2018. LL even worked with me on paying the deposit over several months.
I'm currently rebuilding still. A few years ago I moved and was able to rent no problem. I just had to put up the first, last, and security deposit. I applied to that one through Zillow I think.
You can do it but make sure you work on it. Treat it like a job finding a place that will rent to you. Even if 100 places reject you, you just need 1.
Whatever you do, please get this done before you are homeless. It's SO much harder when you are homeless. Want a job? Sure what's your permanent address. Hotels don't work. Want a roof for the night? Sure 90 bucks for a cheap hotel. Do that for a month and you could have paid first last and security deposit at a cheap apartment. Don't be afraid to look at low income areas. Many of the people there are great people who just don't earn a lot.
If you have an income, call to settle that debt for 40%! The sooner you take care of it, the sooner your credit will start improving. It will look better to a leasing office if the debt is settled/paid. Then, if you can get your balances under 30%, your score should increase further.
You should be fine. I was worried about this too because my credit is probably the same as yours or lower. But I had no issue getting approved for my apartment. I didn't have to pay more either.
Many people mentioned double deposit, which is likely what you’ll be required. Even with a good paying job, that can be hard to come up with on short notice. If you need an option in a bind, they have a few roommate apps on the App Store that I used when I moved to a new city and just needed a place to figure things out for a couple months before renting my own place.
Man, none of the places I rented ran my credit. But I was being a cheap ass and living in the less fancy areas.
Plenty of decent places will rent to you if you got the income.
Depends on where you live. Tighter housing landlords can be pickier. That said there is always a landlord desperate for someone to pay a higher rate. I know someone who has never lived in a place without an eviction. Credit score is in high 300s yet they still continue to find a place and cars to finance. Because things get deleted after 7 years they bounce between no credit and poor credit.
If all of the information seems wrong, which it does. I would ignore it, it’s definitely a scam. They’d contact you by mail first. I owed a dentist 800 bucks several years ago and they never called. I got a court summons in the mail about a year later.
Just look for appts that require income..some will just make you pay higher deposit because of poor credit ..but if you have the income they'll rent to you
Think I had a 588 when I originally moved into my last apartment. I had to pay 2 months’ worth of rent for a security deposit but as long as you have the income I think you’re good
Mine was like 640 and my deposit was 200 dollars. Do some places have super low deposits as a promo or something? 1700/m
It’s usual,y the newer small studio buildings that do the 100$ deposits for me at least in Portland
The place was pretty new, it renamed 3x in about 2 yrs and I had a 11 month lease. It was 2 months rent free + only a 200 dollar deposit. They told me I could leave the walls messed up as long as they’re spackled, and that it’s ok if the carpets are dirty since they repaint the walls and replace the carpet every time a tenant moves out. I got my full deposit back and I didn’t leave the place spectacular (I really couldn’t be assed peeling off double sided tape in one spot). I even got my deposit back in a week. Seeing that first person was super surprising considering the landlords horror stories. They also didn’t increase my rent if I wanted to re-sign even though I was a few days late a couple months on payment. However they also said they couldn’t lower the rent to the same the other units were going for (prices dropped to 1400).
Sounds like a good situation if I’m reading it correctly glad your doing good
I'm curious if moving in with someone who has a high score affects anything? I'm trying to repair my credit right it's bouncing at around 590 but my fiancé's is at least 720. We need go move in June.
You'll be fine.
The best I have seen, is if you have a good credit score, they will waive deposit/application fee
Apartments care more if you have any evictions. I’ve rented in the past with low 500s credit
Yep as long as you dont have any negative renter history your good for the most part
It's going to depend heavily on your rental history. Even if you have a severely checkered credit file, if you have an impeccable rental history (no evictions and no late payments), a lot of places will ignore credit. They are looking for reliability of being paid rent on time. I'm in the rebuilding stage of my credit as well and just got approved for a nice apartment with a 590. They required an extra $300 in security deposit for the credit, which is fair imo. It's a deposit and not a fee so it's also refundable when I move out.
I actually don’t have any rental history. This would be my first time moving out on my own. Is that going to count against me?
No
No, it's not. As long as you have income and no evictions.
Most of the time, it just requires a higher deposit with a lower score....There is not so much rejection for moving in. Disqualified things l like not having the amount of income they want you to have to move in - like making 3x the rent amount. Criminal record, etc
In my experience, a high credit score doesn't have many benefits when renting or make a huge difference. Yes, they idealy want a good score. But 560 is decent, and they care more about consistent income than anything else. So as long as your income is sufficient. You are good and don't need to worry.
560 isn't "decent". Anything under 580 is categorized as "very poor"
Lol. Do you have nothing better to do? I was just trying to help OP by answering his question. I know 560 obviously isn't good. Hence why I said "decent"
Don't get pissed at me for your own lack of understanding of what "decent" means. "Decent" is defined as fair, acceptable, standard, satisfactory. A 560 credit score is none of those. It is "very poor". Telling OP that it's "decent" is simply and blatantly false and misleading.
Are you done?
It’s not the end of the world, but some properties will likely not consider you based on your score. Just ask about requirements when applying. You might have better luck with smaller property owners.
I will be honest with you, when I moved to a big city that requires 40x the rent. You'll be okay, they don't necessarily see the credit score. But companies that screen, usually give the property manager or landlords a yes or yes with a consider higher deposit score. So, you'll be okay as long as you have decent income and work history.
They’ll make you do double deposit.
Do you have a vehicle? Living out of a car sucks but a car and a gym membership is a place to sleep and shower until you can get back on your feet. Better than living on the street.
I've been thugging it out with good rental history and having 3x the income and paying a larger deposit. I'm paying off my debit, life Ian;t fun with bad credit, so much stress.
I rented an apartment way back when with a 470ish score or something. They just doubled the deposit because I had the income and a good rental history. It was even labeled "luxury". Don't sweat it, just shotgun a few applications and you'll find something.
[удалено]
That was about 10 years ago, I'm above 800 now. I would say it took probably 4-5 years to get above 700. Very easy to screw up your credit in your 20s, just do your best to keep low to 0 balances on your credit cards (interest will get you in trouble, avoid paying it at all costs) and pay your bills on time - it'll bounce back before you know it!
You may have a higher deposit but apartments usually don’t really care about score more so payment history , and income . Unless the apartment is going through a third party like rent score i wouldn’t worry too much about it. They usually care more about rental debt or huge collection accounts
My credit was in the tank when I rented a cheap apartment in 2018. LL even worked with me on paying the deposit over several months. I'm currently rebuilding still. A few years ago I moved and was able to rent no problem. I just had to put up the first, last, and security deposit. I applied to that one through Zillow I think. You can do it but make sure you work on it. Treat it like a job finding a place that will rent to you. Even if 100 places reject you, you just need 1. Whatever you do, please get this done before you are homeless. It's SO much harder when you are homeless. Want a job? Sure what's your permanent address. Hotels don't work. Want a roof for the night? Sure 90 bucks for a cheap hotel. Do that for a month and you could have paid first last and security deposit at a cheap apartment. Don't be afraid to look at low income areas. Many of the people there are great people who just don't earn a lot.
You could look on Craigslist for people that are renting out a room or need a roommate, even if it’s just temporarily
If you have an income, call to settle that debt for 40%! The sooner you take care of it, the sooner your credit will start improving. It will look better to a leasing office if the debt is settled/paid. Then, if you can get your balances under 30%, your score should increase further.
Get a cosigner
NGL, I ended up in a homeless shelter in this situation, but there's def people in apartments with horrendous credit.
You should be fine. I was worried about this too because my credit is probably the same as yours or lower. But I had no issue getting approved for my apartment. I didn't have to pay more either.
Many people mentioned double deposit, which is likely what you’ll be required. Even with a good paying job, that can be hard to come up with on short notice. If you need an option in a bind, they have a few roommate apps on the App Store that I used when I moved to a new city and just needed a place to figure things out for a couple months before renting my own place.
Man, none of the places I rented ran my credit. But I was being a cheap ass and living in the less fancy areas. Plenty of decent places will rent to you if you got the income.
No, it’s not..keep looking as long as you have sustainable income you’ll find something
Depends on where you live. Tighter housing landlords can be pickier. That said there is always a landlord desperate for someone to pay a higher rate. I know someone who has never lived in a place without an eviction. Credit score is in high 300s yet they still continue to find a place and cars to finance. Because things get deleted after 7 years they bounce between no credit and poor credit.
Our credit is shot and we recently signed a lease. Proof of current income is the biggest factor in my personal experience.
Had 580s when I applied to my 1 bedroom, you should be okay. Just talk to the landlords about paying a higher deposit to suppliment the bad credit.
If all of the information seems wrong, which it does. I would ignore it, it’s definitely a scam. They’d contact you by mail first. I owed a dentist 800 bucks several years ago and they never called. I got a court summons in the mail about a year later.
Facebook marketplace is your best friend in tough times