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Would a car repossession on your credit report prevent you from getting an apartment when they do a credit check?
Wiki User
∙ 9y ago
As a one-time issue in a good credit report, it may not be an issue. However, the reason the landlord checks credit is to assure that you will be likely to pay rent on time. It costs a lot of time and energy to follow up on non-paying tenants. I would also guess that the rental market you are looking in is going to matter in that the person with better credit will win that one open apartment.
Yes, it could be a problem and although I shouldn't say this, if the subject comes up have a good story to tell them. Usually landlords don't do a credit check on you and the worst that can really happen is they check at the last residence you live at. Here's hoping you were a good tenant.
Answer
It's not likely, as the previous poster stated. As long as you can submit the required monies, such as a security deposit you shouldn't have problem.
Answer
A one time example of a "bad debt" is OK but not 5 pages of them. The reality is that numbers give a great deal of info about a person's thus far life.
Wiki User
∙ 9y ago
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Is a 650 credit score high enough to rent an apartment?
Yes.
What is variable rental lease?
how much rent and do you check credit get the apartment
Can you rent an apartment after you buy a car Because they pull your credit when you buy a car will that affect the ability to be qualified to rent an apartment?
Should be no problem as long as they believe you can afford to pay for the apartment.
What is the minimum credit score apartment owners look at before they will accept tenants?
Normally speaking, apartment complexes and owners are not looking at a credit score as a basis for their decision to rent you an apartment. Of course this might be a factor with luxury apartments. But what landlords are looking for our history of evictions and nonpayment of utility bills. If the issue with your credit is simply with credit cards, medical bills, or even furniture bills, this usually does not affect the decision of the landlord. This is especially true with landlords who rent apartments to low income tenants. Also if your credit issue is more than two years old this is often overlooked by the landlord. Most apartment complexes will do credit checks -- that's a fact of life. But if everyone with bad credit was denied an apartment this could be considered discrimination. Other factors involved include criminal records: apartment owners do not want recently convicted felons are convicted sex offenders in their units.
What are some examples of credit references to give on an application for an apartment?
There are many different references you may need to provide before leasing an apartment. Some credit references could be your car payment, any personal loans or previous landlords.
Will an apartment complex do a credit check if I'm a new tenant?
It differs from apartment complex to apartment complex. But apartment complexes should do a credit check to make sure that they will be getting their money from their tenants.
Can you remove a repossession off your credit report if your cosigner has a judgment on the repossession?
No you cannot remove a repossession off your credit report if your cosigner has a judgement on the repossession.
Does a voluntary repossession affect credit the same way as a reposession?
Yes, there is no difference. A repossession is a repossession.
What will a repossession do to your credit report?
A repossession is a serious negative and will drop your scores.
How can a repossession with a zero balance affect a credit score and can it be removed?
A repossession will significantly lower your credit score, regardless of the balance. It will take around 7 years before the repossession is removed from the credit report.
If your car is repossessed how does getting it back help your credit?
It won't help much unless you can sweet-talk the lender and convince him to remove the repossession from the credit report. Otherwise, the repossession stays on the record and the only 'improvement' to your credit rating would be the lack of an accompanying past due status.
Is a voluntary repossession better than a repossession?
neither looks good on your credit.
Will a recent address change prevent you from getting a credit card?
NO
Can a car repo prevent from buying a house?
Any repossession negatively affects your credit rating. Negatively affected credit ratings will affect your ability to obtain loans, typically in a negative way.
How do you remove a repossession on your credit report after bankruptcy is discharged?
You present proof that the repossession never occured. You can dispute it with the credit reporting agency.
How will a voluntary repossession affect your purchasing a car within a year from the voluntary repossession?
A repossession is a repossession, no matter if it is voluntary or not. Your credit will be ruined for 7 years.
How long after repossession can you get a car loan?
The repossession stays on your credit report for 7 years.
