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Denial of renting an apartment due to something on credit report

Asked Jun 20, 2008, 09:11 PM — 2 Answers
What are the reasons on a credit report that would deny someone from renting an apartment even with a cosigner and double/triple the rent as downpayment? Thanks!

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Fr_Chuck's Avatar
Fr_Chuck Posts: 72,597, Reputation: 37026
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#2

Jun 20, 2008, 09:22 PM


Unpaid bill to another apartment
Judgement
Foreclosure
Bakruptcy

Co-signer does not have great credit either

** double and triple rent for deposit would not be legal in some states.

But it can be just a rule, there is no law on it, the rental company just has a rule, they can tell you if you ask.
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JudyKayTee's Avatar
JudyKayTee Posts: 45,352, Reputation: 23513
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Jun 21, 2008, 11:18 AM
Quote:
Originally Posted by jwinden
What are the reasons on a credit report that would deny someone from renting an apartment even with a cosigner and double/triple the rent as downpayment? Thanks!

I won't rent to a prospective tenant who has a poor credit rating - figured if he/she didn't pay "those people," he/she won't pay me.

Even if a landlord takes double rent up front - tenant defaults, takes at least 30 days to evict. Landlord still barely breaks even.
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