Can your credit score stop you from getting an apartment?

Your credit score may play a major role in your ability to rent an apartment. Some landlords might deny your rental application if you have bad credit even if you have a spotless rental history and a sizable salary.Click to see full answer. Thereof, does your credit score affect getting an apartment?Many landlords pull your credit report when you’re approving your rental application. The hard inquiry that comes from a credit check can affect your credit score. Inquiries are 10% of your credit score. Applying for an an apartment won’t hurt your credit if there’s no credit check in the process.One may also ask, what credit score do you need for an apartment? 620 or higher Simply so, can I get an apartment with 500 credit score? Apartment tenants often have lower credit scores than those seeking a mortgage, but landlords still have to assess risk. If your credit score is too low, then more than likely you’ll be facing denial. According to Rentprep.com, the closer a tenant is to a score of 500, the more likely for denial.Can I get approved for an apartment with a 550 credit score?If you a 580 credit score you could qualify for an FHA loan with just a 3.5% down payment. Having good scores will make the process of renting simpler. A good credit score is considered to be 700 or higher. However, if you have poor credit and believe your only option is to rent, you may be able to buy.

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