Hidden Problems Renters Face with Their Credit Score

Your Credit Score May Be Costing You Thousands of Dollars

Many young people don’t realize their credit score has a big impact on their ability to rent a home or apartment. Most landlords pull renters credit and credit reports before agreeing to sign a lease, and a less than desirable FICO score can severely limit your chances of getting into a decent apartment at all, let alone at a reasonable price. 90% of top lenders use FICO┬« Scores. Insurance companies, too, often charge higher insurance premiums to applicants with poor credit scores. But do you have to let your negative credit score affect you in this way? Can you rebuild your credit history solely as a renter? Can paying your rent on time help you to rebuild your credit? These are … Read more