What are my chances of being approved for an apt with little/next to nothing credit history?

Question

I'm potentially getting into an apt with a roommate. She needs me to get on the lease. She's been living there for 3 years.

My situation is as follows: I've been living outside of the country practically all my life, moved back late last year.

My first 3 years of employment, first bank account and credit card were abroad, meaning they don't really count. I now have 2 accounts and just got into a secured credit card deal to built up my credit. She says the landlord will perform a credit check, but I'm not sure what he'll find in there.

I've been working for the past 6 months, most of it as a freelance graphic designer through an staffing agency. I just got permanently hired by the company I was working with.

I'd like to get into this apt deal, but don't know what are my chances of landlord approval. I basically need some info on what could be done or expected from this situation. I'd like to give my potential roommate some info, so she sees me as a viable roommate.

This is in NYC.

Answer 1

Be proactive! Find out what your credit scores are go to www.freecreditreport.com. Then you know what you are facing and are able to negotiate with confidence.

I also agree with Chris, rental agencies really only care about the big stuff and that you pay your bills on time.

As I see it you have nothing to fear!

Answer 2

You would have to speak to the leasing office of the apartment complex.  A lot of places will approve you if you have little or no credit, but they also want you to have the financial backing to pay your share of rent.  Be honest with the leasing office, tell them your situation because every company operates on different terms.  I can tell you that with my experience, if you have little or no credit its okay if you have a roommate and/or the proper salary to support your rent. Good Luck!

Answer 3

As long as you don't have a history of bankruptcy, foreclosure, or non-payment on a mortgage, then you should be good! These credit checks generally check those items, otherwise it would be very hard for some to find a place to live.