Renting and Credit: How Landlords Use Your Credit History

If you’re looking to rent a new apartment, most likely, prospective landlords will look into your credit history. Why? Because your credit report provides important information that a prospective landlord will consider before renting you an apartment – like, do you have a history of paying your bills on time?

Most landlords will review a standard credit report and your credit score. Based on the information in your report, a prospective landlord will decide whether or not to rent to you.

So, what can you do if you have a low credit score? Talk to your prospsecitve landlord to see what your options are. For instance, you could pay a higher security deposit or have a co-signer on the lease.

And if you’re already renting and looking to rent a new place, you can proactively improve your credit score by having you on time rent payments reported to the credit bureaus. Solutions like RentReporters can help you get there.

For more information on RentReporters, visit here.