Credit

Credit

  1. 620+ is a well-qualified applicant
  2. 600+ is often acceptable
  3. Payment history for the past 2 years will be closely evaluated
  4. Credit items that show you’ve been unable to maintain your daily living expenses, such as payday loans, delinquent phone or utility accounts, etc., can be red flags.
  5. 500-599 – will typically require an increased security deposit if approved
  6. Below 500 – may not qualify, or will have a higher increased security deposit

Now that you have a good idea of credit requirements let’s continue to the next step.

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