(Closed) NWR: Apartment Credit Checks..vent!

posted 7 years ago in Legal
Post # 3
46420 posts
Honey Beekeeper
  • Wedding: November 1999

She said you didn’t have enough credit, not enough debt. Landlords don’t like to be the ones to decide if you can afford and will make the rent.

They like to have tenants who have already been proven to have good credit habits. At some point you need to start establishing credit in your own name.

Start with a gas or store credit card, then apply for a VISA or Mastercard. Just because you have a credit card doesn’t mean you have to build up debt. I pay off my cards every month. I just use them for convenience and to get airline points.


Post # 4
1995 posts
Buzzing bee
  • Wedding: June 2010

I agree – get a no fee, low balance credit card at your credit union or trusted bank.  Get the minimum credit limit they’ll give you.  Even if you just put 1 tank of gas on it a month start paying it off every month!  Do not miss a payment.  Use it at least once every month and you’ll have the very baby basics of your credit building. 

You’re still young enough to be fine later in life.  Atleast you havent’ screwed youself up so much that you’re stuck not getting approved for a mortage one day!  Start now and be responsible!

Post # 5
1090 posts
Bumble bee
  • Wedding: October 2011

I was told the same thing when I went to buy my car…but once I started paying back student loans I was good.

Good Luck! Im sure you will be fine!

Post # 6
5110 posts
Bee Keeper
  • Wedding: November 2011

Totally its a revolving circle of crap sometimes. Either you dont have enough to get what you want or you have to much.. Or you have some from when you were young and messed things up lol.. It will get better!! The phone will ring it will be okay!!

Post # 7
13099 posts
Honey Beekeeper
  • Wedding: July 2010

@misssydneyj: “While I was in college, I made the decision to not take out any credit cards. I figured, if I don’t have the money to buy it now, what’s the point of struggling to pay it off in the future?”

Just because you have credit cards doesn’t mean that you are going to rack up debt or have to buy things you can’t afford.  Darling Husband and I have multiple credit cards and we don’t put anything on them that we don’t already have money in the bank to pay for.  Then we pay the bill off in full at the end of every month – meaning we have no credit card debt and quite good credit for 24/25 year olds.

Building credit is practically a requirement (IMO) for getting buy in adult life.  People aren’t going to want to rent you apartment, sell you cars, loan you a mortgage, etc if you don’t have a proven track record of being responsible with money/credit and making on-time payments.

Post # 9
5668 posts
Bee Keeper

@Mrs.KMM: This is exactly how you should handle your credit cards.

@misssydneyj: You can afford a credit card. Do you buy gas with cash? Groceries with cash? If so, put them on your card and use the cash you had to buy gas and groceries with to pay off the card. If you pay them off immediately (within the billing cycle) you don’t accrue interest. You can actually “make” money doing it this way with cards that offer points or cash back. Like PP said, it’s a necessity to build your credit. If you just started paying back your student loans you have a long way to go until you’ll have enough credit to get any sort of loan. It’s a good start, but honestly you need to supplement it with some sort of revolving credit like a credit line from your bank or a credit card.

Post # 10
13099 posts
Honey Beekeeper
  • Wedding: July 2010

@misssydneyj: “I’m barely making ends meet since some things changed with my financial situation, so I can’t afford it”

No matter what your financial situation, you can always “afford” a credit card because (with a few exceptions, like AmEx cards) they are free – at least, when used properly.

Even if you are barely making ends meets, you still have expenses (gas, groceries, utilities, etc) that you are obviously paying for now with either cash or check or debit card.  So instead, put those on a credit card (there is still no change to the amount you are spending) and use the cash that you are currently are spending on each individual expense, and use it to pay off the credit card.

No additonal cost or expense (and no accumulation of debt), no matter what your budget/financial situation, and you are still building credit.

Post # 11
7300 posts
Busy Beekeeper
  • Wedding: September 2012

I hate apartments that do credit checks. I just want to be like mutha fuckers….call my previous landlords if you want to know if I paid my rent every month with no problem and call my damn job if you want to know if I’m working!

The only think that comes up on my credit report is a major ass hospital bill when I was very ill. At the time my insurance had a “lifetime limit” (oh yeah America. That doesn’t sound rationed to me at all!) and I hit the lifetime max of 2 million dollars in a bout a year. It happens. Shit is expensive. So when the insurance started to deny claims, the hospital started to bill me. Yeah…like I have a million dollars just sitting around.

I’m not even attempting to pay that off. It would take me a lifetime. It’s not happening. The hospital should have written it off. Oh well.

Luckliy I have never been denied a place even with a credit check. My past landlord basically conviced the renting company to let me have the townhouse. Hopefully when we move again (I’m not in a stage in my life where I think home ownership is important) my current landlord will say that I’ve never been late with a payment. In fact, I always pay a day early.

My credit report won’t show that.

ETA: Oh, and car salesmen will have no problem selling you a car if you tell them you have $8k in cash and ready to buy today. You would be surprised how fast they knock down a price to get the cash in hand.

Post # 14
2522 posts
Sugar bee
  • Wedding: November 2013

You know what you made a good decision that unfortunately the rest of the world has a problem with.  Most people don’t have enough self control to not rack up debt.  Have you asked your landlord about a higher deposit?  I have one credit card and when we move, I’m cancelling.  If I don’t have the cash to buy something, I’m not going to buy it.  My Fiance and I fully plan to put at minimum 50% down on a house before we buy.  Living frugally and responsibly is great.

Post # 16
570 posts
Busy bee
  • Wedding: July 2012

@misssydneyj: What I advise you to do is take out a credit card buy something small like $10-$20 than pay it off immediately in 5 days or what iI do the same day. YOu just have to show that you can make purchase and pay the ENTIRE amount off not just make the minimum payment.

Also, however it will show in your credit check that you made a credit card inquiry and this is a hard inquiry.

Don’t go and take out 3 or 10 just 1 or 2 one could be a department store one the other one could be one you could use anywhere.

Show activity each month but remember to pay it off  not just give the minimum buy something for $10-$20 that is showing activity than pay it off. Trust me in 3 months you will have a credit score.  Just be careful not to max out the card that show irresponsibility  for example  credit card for $1000 spend $1000  that lowers your score

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