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| *The Commerce Journal>>>Renting & Real Estate |
Will they run my credit to get an apartment? |
I do not have perfect credit. I know that they run a credit report sometimes when you sign a lease for an apartment. I am fresh out of college. I am going to pay 3 months at the time of signing the lease. Do you think that they will run my credit? I dont have enough established credit. More then likely they will run your credit. If you are worried about your credit, be honest with your landlord, they like honesty. Most of them are looking for Repo's, evictions and judgements when they look at your credit. If you are fresh out of school, some debt should be expected. Some larger apartment communities however, can deny you for bad credit and they are not flexible with it. They have a standard and that's it. Stick to small and privately owned apartments. Be sure to have extra move in money. They will likely charge you an extra security deposit if your credit is on the bad side. Depending on where you are (city vs rural area) you have a 50/50 chance they won't run your credit. If you've never leased before, they will probably use your credit rating as a guideline to indicate your ability to pay. My credit's not all that stellar either, but I recently had no trouble getting a new apartment because I've got more than 15 years worth of impeccable leasing history -- I've never been late or subject to an eviction. It depends on the management company. I rented from one company that didn't check, and one that did. I'm a senior in college, and I haven't really established any credit yet, either. I had my dad cosign the lease for the apartment that required a credit check. It depends on the apartment. Many large apartment complexes which are owned by companies will most likely run them as an added insurance they are getting the proper clients in their facilities. If you are renting from a person in a home or only a few other people in a place most likely not. The best thing is to talk to the apartment complex and explain that your credit isn't high since you are just getting out of college (unless you ran up those credit cards and then you may want to just hope they don't run a credit score). |
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