subject: Need To Rent A Home With A Bad Credit What You Should Know [print this page] Having a good credit record becomes extremely important if you are trying to rent a home. Landlords as well as the rental companies generally would not want to rent out homes to someone without carrying out a proper credit check. Most of the landlords and the leasing companies would require the applicant to have a credit score of over 670 as well as a strong credit history without a history of a delinquency.
Those who do not meet with these requirements may have difficulties finding homes for rent Fort Lauderdale. However, you must know that you can get homes on rent despite having a bad credit. You would just need to know how!
Look for a place where a credit check is not necessary:
If you are planning on renting from the large apartment complexes, you must know that this requires a thorough credit check from each of the applicants that are looking for rentals Fort Lauderdale. However, the small apartment buildings that have individual owners may be a bit lenient regarding the credit check and they may ask to see your referrals if anything at all.
Before meeting with a potential landlord make sure you talk to him/her on the phone. Ask about the requirements that they are looking for in a potential tenant. If they do not require a credit check, you must consider that apartment as one of the choices.
Check out your credit report and be sure of your credit score:
Examining your own credit score may be a good idea and it is also considered to be a soft inquiry and that does not necessarily have an effect on the credit score in a negative way. On the other hand, if you get your credit score checked by a potential landlord, it would be considered as a hard inquiry. This can potentially lower your credit score. Checking out your credit score has another important benefit - by doing that you get an opportunity of identifying and challenging if there are any inaccuracies.
However you must know that there isnt a free way of receiving your actual credit score. The services that offer free credit scores will only give you estimates. This is also referred to as educational scores. Though, you can obtain a free copy of the credit report from each one of the three credit agencies once in every 12 months. You can also get that after you have been declined a credit. You must know that not all the bad credit is same and if your credit score is low because of reasons like student loan or outstanding medical bills, it may be considered as far less difficult than reasons such as outstanding bills from the utility companies, history of defaults or a bankruptcy.
