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.
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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.
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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.
Yes.
how much rent and do you check credit get the apartment
Should be no problem as long as they believe you can afford to pay for the apartment.
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.
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.
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.
No you cannot remove a repossession off your credit report if your cosigner has a judgement on the repossession.
Yes, there is no difference. A repossession is a repossession.
A repossession is a serious negative and will drop your scores.
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.
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.
neither looks good on your credit.
NO
Any repossession negatively affects your credit rating. Negatively affected credit ratings will affect your ability to obtain loans, typically in a negative way.
You present proof that the repossession never occured. You can dispute it with the credit reporting agency.
A repossession is a repossession, no matter if it is voluntary or not. Your credit will be ruined for 7 years.
The repossession stays on your credit report for 7 years.