Minimum Credit Score To Rent Apartment
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Is There A Minimum Credit Score Needed To Rent An Apartment
Its more like a background check.
Minimum credit score to rent apartment. A solid credit history and excellent credit score are two ways to show this. Breaking down a credit score. Though there are no formal minimum credit score requirements for apartment rentals the njmsc. Landlords or property management companies want reassurance that you can pay your rent on time and youre responsible.
Generally a credit score in the low 600s is the minimum score for tenants hoping to rent. But dont worry if you havent hit magic number 850. Your employment history will be on file and you might be asked to provide your gross income as well because the last thing a landlord wants is for their residents to be spending more than what they can afford on rent. So what credit score do you need to rent an apartment.
A credit score can range from 300 to 850. Landlords in these desirable markets may sometimes even require a minimum credit score to be able to rent in their buildings. Landlords often perform a credit check on prospective tenants before renting an apartment. Anything above 750 is generally considered an excellent credit score.
