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So,if your renter has a score of670 or higher,that a very good credit score for most rentals. Most landlords are looking for a score somewhere between 600 ?650 since renters don have the credit history of making mortgage payments to boost their credit score.
People also ask
What credit score do you need to rent an apartment?
The minimum credit score to rent an apartment will depend on two main factors. The first is the competition in the local rental market. The more competitive the market, the higher the credit score you檒l need.
Can I rent a house with a credit score of 680?
In general, if your score is under 680, you will begin to have difficulties renting. Credit scores below 600 means an individual probably has at least two collections on their credit report, which means they are a credit risk, adds Chong. But don’t lose hope of renting if you have a lower score.
Do I need a good credit rating to rent property in UK?
However, remember that your background information is just used as a guideline. There is no minimum rating required to rent property in the UK. So, the decisions are up to the individual landlord and poor scores may not always be deal breakers. As a result, there are many discrepancies and at times you will hear different stories from renters.
Why does my credit score matter when renting a house?
Because it details your history of paying off攐r not paying off攄ebts. A landlord uses it to see how likely you are to pay your rent on time. The lower your credit score, the less likely your property manager is to accept your rental application.