Renting an apartment with less than perfect credit...

United States
November 26, 2006 6:07pm CST
I have been looking for an apartment to rent on and off for about 2 years now and I am just getting fed up. I have more than enough money to rent and I meet the income restrictions to a "T", I just don't have that great of credit. And that is whats been holding me back. I don't have horrible credit because I was able to get financed for a new car earlier in the year, so it can't be that bad. I have student loans that are up to date and never late. I don't know why my credit from 5 or more years ago is still affecting me now. That was when I was young and stupid. I have changed now. I'm sure they don't care, but its true. So I guess my question is, How can I rent an apartment with less than perfect credit? Can someone help me?
1 person likes this
2 responses
@Cortney (3986)
• United States
27 Nov 06
i have been able to rent with a bankrupcy on my credit. you just have to pay a higher deposit. Be up front and ask the questions before you even pay the application fees.. tell them everything.. if they say that it will be hard.. find somewhere else. Usually the income restricted will let you rent even if you have $5000 in delinquent credit. good luck
• United States
27 Nov 06
I have done that. I even bring a copy of my credit report with me for them to look at and I am more than willing to pay a higher deposit. At first they say that it should be fine and just to pick out which apartment and to start signing the contract and then the next day I get a call telling me that I wasn't accepted. It just weighs on my stress level. You know. They tell me everything is fine and I will be approved and then I am not. Its been happening like this for the past 2 years.
@mere2180 (70)
• United States
27 Nov 06
It all basically depends on which area your are in and if the landlords check your credit with all 3 companies. I have horrible credit and was able to rent out houses/apartments in my years of renting. If you have the money i would say to just go ahead and buy a house. You save a ton of money in the long run and it would take the same effect on your credit if you were to rent out a place.