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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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!
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.
Quote:
Originally Posted by jwinden
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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