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
It is widely accepted that a good FICO credit score can be defined as anything between 680 and 720. This score is generated based on an individual's financial records from the last seven years. Older financial records may be included under some circumstances, depending on the nature of the record and the reason behind a credit check.Full Answer >
As of 2014, a credit score of 700 ranges from just above fair to good, depending on the scoring model used. Most credit-scoring models use a range of 300 to 900.Full Answer >
Making on-time payments on loans and maintaining low credit balances are important factors that contribute to keeping a good credit score, according to About.com. Keeping old accounts open and avoiding unnecessary credit applications are also helpful.Full Answer >
It takes years to build and establish a good credit score, according to FreeScore.com. An individual's credit score changes over time, and it is affected by applying for, using, making or missing payments for credit. Recent activity carries more weight, according to the California Department of Consumer Affairs.Full Answer >