Apartment renting?

Question

I am a first time renter and i have no credit history at least not enough to give a score but i make much more than three times the monthly rent is there any reason why an apartment would deny my application?

Answer 1

It's not your score they check, it's your history, they look for bankruptcies, charge off's late payments, if you have no bad history then you should be fine.  They just want to make sure you pay your bills so they'll know if you will pay your rent.  They might ask for references or possibly a co-signor but as long as you can prove you can afford the rent you should be fine, they might ask for a higher security deposit just be on the safe side.  But there's no reason I can see that you'd be denied an apartment.

Answer 2

At the property management company I worked for, it would factor in a little bit, but it probably wouldn't kill your application.  If you could prove your income, had good references and didn't have any dings on  your credit (even a short credit history), then you'd probably get the unit.  Good luck!

Answer 3

You should be okay if you do not have credit, at least its not bad credit as in bancruptcy and stuuf since you make three times the rent.  try to apply anyhow, most landlords rather see your income because that really determines that you are able to pay rent.  Good Luck to you!

Answer 4

I can't see any reason. It wouldn't make any sense for them to deny you. I have been renting for a couple of years and I have never been asked anything about my credit history. They simply ask for proof of employment. Did they ask you about your credit score or something? That doesnt make sense at all to me

Answer 5

With absolutely no credit it could be a problem.  If someone has really bad credit its possible to threaten the credit bureaus about what they have on file.  They (the credit bureaus) will then wipe your credit out completely - you won't have good credit, just no credit at all (the same situation you mayo be in).  Thus, to an experienced landlord, no credit at all can be a major red flag.  So, if you have absolutely nothing on your credit report it could be a problem.  

Still, you may have some stuff there and not even realize it (old addresses and other info).  If this is the case then you should be fine (and this probably the case even though you may not realize it), but if the report really is blank you could have an uphill battle.

Anyhow, just go apply and see what they say.