What do you need when you rent your first apartment?

Question

I am 20 years old and I think in a few months I just might be about ready to finally leave the nest. But I've heard that some apartment complexes do credit checks. If you have bad credit or no credit can they turn you down?

Answer 1

Generally when you're about to rent you need to demonstrate that you can afford the monthly rent. Any outstanding debts are factored in.  Thus the credit check.  Your employment history is more important.   Whether your are currently working, for how long and what your current income are all factors.  Your credit history (if any) can play a role but young people just starting out aren't expected to have much of a credit history.    In fact you can have no credit history.  It all comes down to how much of a risk the landlord thinks you are.

If push comes to shove you can get your parents to sign the agreement and you can live there.  Good luck

Answer 2

If you have BAD credit ; most complexes will turn you down as bad credit means that you don't pay your bills like you are suposse to .....

IF you have NO Credit , then proof of employment will usually suffice and you'll get the apartment ....

Have you considered getting a buddy and sharing the expenses together ? .... ends up a lot easier on the wallet .

Answer 3

If you have bad credit or no credit, you may be denied.  Some places will allow you to have a guarantor, which is someone with better credit who agrees to pay if you do not.  Your parents may be willing to do this for you.

Some apartment complexes may not deny you for having some credit problems or no credit at all, but will require a larger security deposit.

Answer 4

Here a great article on how to rent an apartment if you have bad credit history

http://www.badcreditresources.com/articl...

Answer 5

sure would you rent out a valuable piece of your property to someone who could not pay for it?

Answer 6

You will notget turned down with bad credit , the landlord will ask for a guarantor in the event you default on the rent payments  .