Sunday, June 28th, 2009

When a leasing company checks your credit, do they look at your report or score?

credit report score
cheneytardio asked:


I am somewhat worried about the credit check a leasing company will be doing on me once I apply for an apartment. I have checked my credit and I believe that my credit report will get me the apartment with no problem, but my credit score is above average (not excellent) and I don’t want that to be an issue. Do leasing agencies tend to look at your report, your score, or both?

Thanks!

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7 Responses to “When a leasing company checks your credit, do they look at your report or score?”

Kelsey S Says:
July 3rd, 2009 at 1:22 am

Both, they look for the score and for any forclosures or if you got kicked out of another apt complex

rockyfella25 Says:
July 4th, 2009 at 2:25 pm

both but it wont affect your credit

buckshotbullies Says:
July 10th, 2009 at 4:06 am

Both, and above average should get you pretty much anything you might apply for, apartment included. Your report will tell them more based on late/non-payments & your above average score will just re-insure them that you will be a good credit risk. Don’t worry, you’ll be fine.

Put Jesus First Says:
July 10th, 2009 at 5:11 pm

Both. They’ll look at your report to see what kind of accounts you have and if they’re in good standing. They’ll also look at your credit score because that is what determines how big of a risk it is for them to go into business with you.

If your score is decent, then don’t sweat it! Good luck!

SPIFIMAN1 Says:
July 12th, 2009 at 2:19 am

Both.

Your credit profile is even more important then your score.

I look at credit every day and see people every month with scores over 700 that can not buy a car because their score is made up of 1 credit card with a $500.00 limit paid 15-times and a couple of student loans.

While this produces a great score it doe’s not show the ability or willingness to actually pay anybody.

shaderunnergm Says:
July 12th, 2009 at 10:59 pm

They look at both what your score is, and what items you have that have affected that score. A leasing agency isn’t like a mortgage company, where your raw score is a straight assessment of your risk factor. The leasing agent wants to know whether your score is due to the fact that you have medical bills (for example), or because you have been sued by a previous landlord. Sometimes people with a lower score are taken before people with slightly better credit because of the person with the better credit having an eviction or fluctuation in employment.

crazesgirl Says:
July 14th, 2009 at 7:49 pm

Both are looked at. Your score is a estimate as to how you will pay. The also look at the type of credit to show up on your report. Utility collections usually are not good. Medical bills can typically be looked over. If you have good credit and a decent score you should be just fine.

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