With the job market being what it is today, many people are not looking for a permanent address right now. Even though mortgage rates are at historical lows, leasing is currently the top choice, for those just starting out as well as people looking to downsize and possibly relocate. One of the most asked questions from prospective renters is “What is the minimum credit score to rent an apartment?”
How important is a good credit score?
It’s no surprise that a healthy credit score opens you up to better options on loans and lines of credit.
What you might not realize is that when it comes to finding an apartment, your payment history plays a large part in determining the decision, along with your credit score.
What is the minimum credit score to rent an apartment?
Although it varies depending on the landlord and rental company, the average credit score needed for approval is 650.
If your credit needs some work, don’t worry. Many people need some help, and you can start repairing your credit immediately. The easiest way to do it is by disputing errors on your credit report with help from a quality credit bureau like Credit Assistance Network.
If one of your New Year’s resolutions was to improve your credit score, now’s the time to act!
Can negative items be reported inaccurately?
FACT – The Federal Trade Commission (FTC) claims that 20% of all reports contain at least 1 error! The penalty for negative items is a damaged credit score, and perhaps even worse for your financial future!
Ever heard about stolen identities? Of course, you have. But when was the last time you checked your own credit score?
Act now to protect yourself! Your best protection against false credit claims is a dispute. While is it a fairly easy process to do, it’s super easy with a credit repair specialist like Credit Assistance Network.