Yes it might effect the tenant for whom you have co-signed have the apartment does not paythe rent then the co signer is reposible and you have to pay the rent.
Co-signing means that you accept 100% financial liability for the contract in question. The manner in which the contract is adhered too has equal impact on your credit.
It may not affect your own purchasing power at first. However, if for some reason the primary on the lease fails to pay or damages the rental property and leaves then you will be fully responsible for the rent and the cost of the damages. That will affect your own credit rating. That will affect your purchasing power. You should make certain that you can absorb those costs before you co-sign.
Find a landlord who will allow you to rent without regard to your credit score. This will likely be a mom and pop landlord and not an apartment rental service, but you will be able to get a place and work on your credit.
Because this serves as their gauge on how capable you are to pay the rental dues.
You can rent an apartment with bad rental history by going to your town or county and asking for a list of apartments and houses that rent to low income people. These people typically don't have good rental history but the managers and owners will work with them. You can also apply anyway and may have to put down a larger deposit than someone with good rental credit and credit history.
Co-signing means that you accept 100% financial liability for the contract in question. The manner in which the contract is adhered too has equal impact on your credit.
If they are credit worthy, it may help you get into an apartment.
how much rent and do you check credit get the apartment
if a apartment complex does not take your social security number nor checks your credit, and they give you an apartment for rent,when you decide to leave that complex, will you have any credit history on your credit?
It may not affect your own purchasing power at first. However, if for some reason the primary on the lease fails to pay or damages the rental property and leaves then you will be fully responsible for the rent and the cost of the damages. That will affect your own credit rating. That will affect your purchasing power. You should make certain that you can absorb those costs before you co-sign.
No. There is no tax credit available for personal apartment rental usage, even if the apartment is rented due to proximity to work.
Find a landlord who will allow you to rent without regard to your credit score. This will likely be a mom and pop landlord and not an apartment rental service, but you will be able to get a place and work on your credit.
Because this serves as their gauge on how capable you are to pay the rental dues.
You can rent an apartment with bad rental history by going to your town or county and asking for a list of apartments and houses that rent to low income people. These people typically don't have good rental history but the managers and owners will work with them. You can also apply anyway and may have to put down a larger deposit than someone with good rental credit and credit history.
Credit scores range from 300 to 850. The average credit score is 678. A score under 620 would put you in the higher risk category, where you may not qualify to rent the apartment.
Go to an apartment place and ask them that you are interested in an apartment with them but you want to make sure your rental history report is clean. And then ask them to print one up. And it will be mailed to you. Check your credit report. Once a year you can request your credit report from the major credit reporting agencies Transunion, Equifax and Experian.
This is the complete list of rental apartment buildings in Downtown Manhattan area I have been found. You can further refine your search by neighborhood: * Battery Park City Rental Apartment Buildings (25) * Central Village Rental Apartment Buildings (21) * Chinatown Rental Apartment Buildings (1) * East Village Rental Apartment Buildings (100) * Financial District Rental Apartment Buildings (32) * Little Italy Rental Apartment Buildings (3) * Lower East Side Rental Apartment Buildings (34) * NoHo Rental Apartment Buildings (2) * NoLiTa Rental Apartment Buildings (15) * SoHo Rental Apartment Buildings (14) * TriBeCa Rental Apartment Buildings (8) * West Village Rental Apartment Buildings (101)