Financial Information
When a leasing company checks your credit, do they look at your report or score?
Question : When a leasing company checks your credit, do they look at your report or score?
I am somewhat worried about the credit check a leasing company will be doing on me once I apply for an apartment. I have checked my credit and I believe that my credit report will get me the apartment with no problem, but my credit score is above average (not excellent) and I don’t want that to be an issue. Do leasing agencies tend to look at your report, your score, or both?
Thanks!
credit report score
Best answer:
Answer by Kratos
Both
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#2 written by shaderunnergm 1 year ago
They look at both what your score is, and what items you have that have affected that score. A leasing agency isn’t like a mortgage company, where your raw score is a straight assessment of your risk factor. The leasing agent wants to know whether your score is due to the fact that you have medical bills (for example), or because you have been sued by a previous landlord. Sometimes people with a lower score are taken before people with slightly better credit because of the person with the better credit having an eviction or fluctuation in employment.
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#3 written by SPIFIMAN1 1 year ago
Both.
Your credit profile is even more important then your score.
I look at credit every day and see people every month with scores over 700 that can not buy a car because their score is made up of 1 credit card with a $ 500.00 limit paid 15-times and a couple of student loans.
While this produces a great score it doe’s not show the ability or willingness to actually pay anybody.
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#4 written by Put Jesus First 1 year ago
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#5 written by buckshotbullies 1 year ago
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Both are looked at. Your score is a estimate as to how you will pay. The also look at the type of credit to show up on your report. Utility collections usually are not good. Medical bills can typically be looked over. If you have good credit and a decent score you should be just fine.