(Closed) Apartment Help Please!!! Credit check

posted 5 years ago in Home
Post # 3
Member
688 posts
Busy bee
  • Wedding: October 2012

@SurferB:  It depends. sometime if you have bad credit they will require a biggerr security deposit. Also if you have bad credit they will ask you to have a co-signer. The best policy is be upfront with the place and they will tell you you options. 

Post # 5
Member
688 posts
Busy bee
  • Wedding: October 2012

@SurferB:  Also see if you can get a letter from you school to explain the loan mix up. 

Post # 7
Member
688 posts
Busy bee
  • Wedding: October 2012

@SurferB:  are you making payments with the collection agency? I work for a collection place and they can give you a letter stating you are paying your account. 

Post # 8
Member
309 posts
Helper bee

1. In case of unsatisfactory credit, they may require a higher deposit. properties don’t count medical or student loans as “debt” The fact that your student loan is currently in collections however, is bad.

 

2. Even though he has been on medical leave, most properties accept “offer letters” (from the jobs he is about to start) as proof of income. and the student loan that can be used for living expenses will indeed be used as additional income. Yes you absolutely have to apply if you are living there. Say you lock yourself out of the apartment one day, ( I see it almost every day) or you just simply need to know how much your rent is, they cannot give you any information or keys if you are not on the lease. You also cannot use any of the resident amenities. Like if they see you at the pool or in the fitness center, you would have to leave. They can also evict you if they have proof that you are living there and refuse to apply. That is a violation of the lease contract.

There is no way for me to say “yes you will be approved” or “no you’re SOL” because theres no way to know that until you apply, each property has different rental criteria and screening, but I would say you have a fairly good chance of at least being conditionally approved, the condition being a higher deposit. 

 

(I manage an apt community)

Edit::I just read that you said there is no deposit. I’m going to assume that either this is a simple “approved or denied” case. No Inbetween 
 

Post # 9
Member
6745 posts
Bee Keeper
  • Wedding: June 2014

@SurferB:  My FI and I both don’t have the greatest credit – he’s a car repossession that went on his credit and was settled in court and his loans are in forebearance for nearly 3 years now due to unemployment – he has no job and I just switched jobs and got a letter of intent to hire and that’s what I used and we didn’t need a cosigner – my credit isn’t that great b/c I have some medical things in collection (they never billed my insurance, idk why and I’ve tried to fight it, but it will take less time to just wait the 7 years for it to come off I feel lol). 

I think it just depends on the development and what their requirements are.  They did a credit and background check on us and that was that – we got an answer in about 3 days. 

Post # 13
Member
7771 posts
Bumble Beekeeper
  • Wedding: July 2010

@SurferB:  Honestly, it depends on who you are dealing with.  Some local landlords won’t even check credit- just references.  Then there are places that make you have a cosigner no matter what. 

The first apartment I ever rented they made me prove I could pay rent (most places do this)- show how much you make a month, basically.  After that, I only needed references in that town and around that state.  You will not have a problem!

ETA:  I have TONS of experience, and in different states.  I have gotten places with no job, and when we moved here- we got places with both of us not having a job yet!  And DH has extremely not good credit.  Mine is not great.  It just depends, every company/ landlord is different.

Post # 14
Member
3772 posts
Honey bee
  • Wedding: October 2012

@SurferB:  depends…  when DH got his place (before we married) he had shit credit.. but they looked at his previous rental history and job history and said okay. He just had to put a bigger deposit down.

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