Credit score and renting

[Sharlene]

My husband and I are looking for a place to rent. He is working full time, and is credit score is above 600. I’m currently still in college, working part time and my credit score is around 500.What is our chance of getting an apartment? Thank you.

[Tracy Winters]

It depends entirely on the landlord

There is no single answer to your question. In reality it all comes down to what the landlord is willing to compromise on. While some may approve you, other will reject you for the same credit.

In general, the higher you income is and the more stable your jobs are – the greater the chances are that you’ll get the apartment.

Why is tour credit score so low? Is it because of bad credit or simply lack of credit history?

Landlords are more likely to accept low credit score due to lack of credit history than bad credit. This is why they pull and review your entire credit report rather than just your credit score. They want to look at your actual credit history and figure out for themselves how you pay your bills.

Hope this helps

[Author]

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