When it comes to renting an apartment, required credit scores are usually are lower than scores for a home mortgage loan.
Typically, a credit score of 620 or above will enable you to obtain an apartment lease with relatively little trouble.15 Dec 2018
Can I rent an apartment with a 640 credit score?
Most individuals or companies renting an apartment want credit scores from applicants to be 620 or higher. A lower credit score could mean you’re less likely to be approved for the rental you want, especially if you’re looking to rent in a popular area.
Can I get an apartment with a 650 credit score?
You Can Still Get in an Apartment With This 650 Score
Most experts state that a score of 620 is a typical minimum for getting into a good apartment. Thankfully, your 650 rating is higher than that.5 Sep 2019
What credit score does apartments use?
A FICO score ranges from 300 to 850. Generally speaking, anything over 740 is considered excellent, anything below 650 is considered fair. Technically, a score of 620 would be considered a fair score in the eyes of FICO.28 Mar 2019
What credit score do you need to lease a car?
Sources Suggest 620 is the Average Minimum Score
Banks and other lending institutions rely on a potential borrower’s credit score in deciding whether to approve a lease and under what terms. The better your credit score, the better the leasing terms and the less money you’ll typically need to put down on a vehicle.