0
Because this serves as their gauge on how capable you are to pay the rental dues.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
If a couple is trying to rent an apartment and one has bad credit but the other has good credit do we need a co-signer?
The need for the co-signer will depend on the management. However, it would be best, given the bad credit history of the one person, to make sure that the one with good credit can solely support the rent payment. That is because bad credit history reflects a poor payment history.
How does a credit score financially affect an individual?
A credit score is only important during certain transactions in life. If you need a large loan for something, want to rent an apartment or apply for a credit card, you will need to have a good credit score in order to get approved or receive a more beneficial interest rate. However you typically don't need a credit score for daily life.
What are three things you need to have in hand when applying for credit?
id,good credit, good job
Why credit cards are more harmful than the life saving?
They certainly can be harmful if they are not used responsibly but in this day and age, having credit cards and good credit is imperitive. You need credit for everything, any type of loan, buying a house/apartment, even insurance companies run a credit score and if you have good credit you get better rates and it you have bad credit you either get horrible rates or sometimes they can't even write you into their company; and no credit is just as bad as bad credit so it is really important to build up good credit just for the basic necesities of life... so i would say it's helpful if used responsibly
Do you need good credit for an auto loan?
For the more expensive cars you will need a good credit rating,you credit rating is a way of letting the lender know how much he or she can lend you with the probability of you paying it back.
Do you need to have telephone service when renting an apartment?
In most cases, phone service is not necessary to rent an aparment. As long as your credit checks out, then you should be eligible.
When renting a studio or apartment do i need to mention if I am bringing another person with me?
It really depends on who you are renting from. When in doubt, mention it.
Is it a good idea to get renter's insurance when renting apartments?
Yes, you definitely need renter's insurance if you will be living in an apartment. In case of a fire or damage to the apartment, the building owners insurance will not cover your property. You need your own insurance for your things.
Do you need to sign a lease agreement form when getting an apartment?
Signing a lease agreement form is up to the person renting an apartment, not the renter. Before signing, a potential renter should understand the terms of the agreement. A good lease offers pretection to both parties.
Can you get insurance on a apartment to protect a co-signer if you die?
If you die, your estate does not need to keep renting the apartment. You could purchase term insurance with your co-signer as a beneficiary so that any expenses you leave behind could be paid. It would not need to be specifically for the apartment.
How can I make sure to get a good renter credit score?
In order to make sure that you get a good renter credit score, make sure that you pay your rent on time. Other than that, I am not sure. I would assume that you would need to take care of the property that you are renting and what nots.
Do I need a credit card to rent a van?
Usually you will need to have a credit card to cover the cost and deposit of renting a van. If you use a debit card, they could check your credit and also require a cash deposit.
Is good credit required to get a quitclaim deed transfer?
You don't need good credit to be the grantee in a quitclaim deed but you do need good credit to borrow money to buy the property.You don't need good credit to be the grantee in a quitclaim deed but you do need good credit to borrow money to buy the property.You don't need good credit to be the grantee in a quitclaim deed but you do need good credit to borrow money to buy the property.You don't need good credit to be the grantee in a quitclaim deed but you do need good credit to borrow money to buy the property.
If a couple is trying to rent an apartment and one has bad credit but the other has good credit do we need a co-signer?
The need for the co-signer will depend on the management. However, it would be best, given the bad credit history of the one person, to make sure that the one with good credit can solely support the rent payment. That is because bad credit history reflects a poor payment history.
How does a credit score financially affect an individual?
A credit score is only important during certain transactions in life. If you need a large loan for something, want to rent an apartment or apply for a credit card, you will need to have a good credit score in order to get approved or receive a more beneficial interest rate. However you typically don't need a credit score for daily life.
Do you need a drivers license in Mexico?
Yes. If you are a foreign citizen renting a car, all you need is your passport (and a credit card or cash, of course).
Should I rent a house or would renting an apartment be more affordable?
It depends on the area. Don't rent a house if you don't need a lot of space.
