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Yes, you can rent if you have no credit history. However, securing rental accommodation could be difficult and the rental rate could be higher than normal.
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∙ 9y ago
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Is rent a debit or credit?
If you are paying rent it is a debit. If you are a landlord receiving rent its a credit.
Journal entry for rent payable?
[Debit] Rent Expense[Credit] Rent payableWhen rent paid[Debit] Rent payable[credit] Cash / bank
Is the income from rent a credit or a debit?
Credit
How do you enter rent received and rent receivable in accounts?
Journal Entry for Rent Received:[Debit] Rent Received[Credit] Cash/bankJournal entry for rent receivable[Debit] Accounts Receivable[Credit] Rent Receivable
What is Decrease in Prepaid Rent a credit or debit?
. Credit
Can you rent a car with your credit card for your child who has no credit?
yes
Can you pay your rent with a credit card?
Many commercial landlords accept a credit card for rent payment. You need to ask yours.
What is journal entry rent income accured?
[Debit] rent income receivable [Credit] rent income
How can on time rent payments be reported to a credit bureau?
Only clients of a credit reporting agency may "report" credit information. Rent payments, therefore, are typically excluded.
When trial balance of unearned rent is Credit 3600 now post entry of unearned rent as of Dec 31 of 1500?
so is it accounts rec of 1500 and credit rent revenue of 1500 or is it 2100 unearned rent and rent revenue 2100 I cannot get this straight
What is the journal entry of rent received in advance?
Debit Cash for the cash received, and credit a liability account you can call Prepaid Rent or Prepaid Deposits. Basically, you credit a liability account because you "owe" them the rent for the month they have paid for in advance. Once the month has passed, you can debit the Prepaid Rent and credit Rental Income. Or, if the prepaid rent is a deposit made, you just keep it on your books as a liability until the end of their lease, at which time they will either be refunded the deposit (debit Prepaid Rent, credit Cash) or if they don't pay their last month's rent you can use the deposit (debit Prepaid Rent, credit Rental Income).
How can you rent an apartment with no credit?
You may be required to have a co-signer or a roommate that does have credit.
