Having a positive credit report can play a big role in qualifying for an apartment or rental home.
Most apartment complexes and management companies will want to review your credit history, in addition to a tenant screening report, as part of their rental review process. While a tenant screening report will show your rental history, landlords and leasing companies check your credit report to see whether you pay your other bills on time and manage your debts responsibly.
Landlords may also check your credit score. There are credit scores specifically for making rental decisions. These scores evaluate your financial situation and help the landlord determine the likelihood that you will pay your rent on time.
Your credit report and score is like a financial report card and shows your potential landlord how financially responsible you've been in the past.
Check out the scope to hear answers to all the questions asked.
Do you have questions about credit?
Join our live video chat every Tuesday and Thursday at 3:00 p.m. ET on Periscope. Rod Griffin, Director of Public Education at Experian, is available to answer your questions live.
Scoped on: 3/06/2018