The amount of outstanding debt owed is another consideration in determining your approval or denial.
Some properties allow 2 rental debts; we do have properties that will accept more than 2 but requires a higher security deposit and will be very limited.
All apartments will charge you a larger deposit when you have a rental debt.
Be prepared to pay up to 1 month and a half security deposit, worst case scenario. This allows for the higher-risk apartments to accept tenants with a rental debt in their history.
Having Bad Credit and or a Low Credit Score:
When it comes to bad credit, each apartment has different credit requirements. Some apartments require credit scores to be at least 600, some require a credit score over 500, and others are not credit driven, meaning credit friendly. Even Below 500! With this information in our database, we know what properties will work with you. And for further peace of mind, if you only have bad credit and never rented or broke a lease, then it will be easier for us to help you find an apartment. Even a credit score in the low 400s. Call Prestige Realty today for any questions.