The minimum credit score to rent an apartment is somewhere between 600 and 620. If an applicant’s credit score is below 600, it is unlikely a landlord will rent to him. Landlords consider a number of factors in addition to the credit score when deciding whether to rent to an applicant. These other factors include rental history, credit references and proof of income.Know More
If an applicant has an extremely low credit score, it is a good idea to find a landlord who places a higher priority on other factors. Some landlords do not run credit checks at all. Credit scores range from a high of 850 to a low of 300. Anything in the upper 600s is considered average and anything above 700 is considered good to excellent.
If an applicant has a low credit score, there is no quick fix. An open line of credit with regular payments over time is the only way to really improve a credit score. If a credit score seems unusually low, the applicant may request a credit report from one of the three primary credit agencies: TransUnion, Equifax or Experian. If there is a negative mark on the credit report that the applicant disagrees with, he can contest it.Learn more about Finding a Home
A credit score of 650 is generally considered in the middle of what is a bad credit score and what is an excellent one. A 650 score can be considered good, but it does leave some room for improvement.Full Answer >
Improve a low credit score by analyzing your credit report and disputing any errors, paying off debts, balancing existing cards and keeping up with current payments, states About.com. Avoid applying for new credit cards, cancelling old cards or reaching your credit limit.Full Answer >
To build a credit score, an individual needs to keep his debt-to-credit ratio low, pay off small balances, keep good credit on his credit report, pay credit card bills on time and pay and charge the same on a credit card. Using credit responsibly also helps a score.Full Answer >
According to Credit Karma, an excellent credit score is between 750 and 850. A good credit score is between 700 and 750, a fair score is between 640 and 700, a poor score is between 580 and 640 and a very poor score is between 300 and 580.Full Answer >