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    jwinden's Avatar
    jwinden Posts: 2, Reputation: 1
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    #1

    Jun 20, 2008, 09:11 PM
    Denial of renting an apartment due to something on credit report
    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!
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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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.
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #3

    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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