When you apply for a rental home or apartment, landlords are within their rights to conduct a credit check. You may need to boost your credit score before applying or gather evidence to refute any red flags they’re concerned with. Below, you’ll find everything you need to know about the screening process so you can properly prepare.

What Landlords Look for During a Credit Check

1. Credit Score

Your credit score gives the landlord a global view of your credit. While it may not matter as much as it would when applying for a mortgage, they’ll still use it to gauge what kind of debts you have. If you’re paying off a car, mortgage, student loans, medical bills, and have a history of credit problems, they may be concerned about your ability to pay rent. If you have a low credit score, focus on paying debts before applying. If you need a rental home immediately, share your financial repayment plan and budget so they know you can pay.

2. Bankruptcies

Bankruptcies are another concern for landlords. If you’ve filed in the past, they may be hesitant to rent to you. Bankruptcy is often a valuable tool for people, however, and you may be able to justify it. If you had to file to eliminate extensive medical bills, for example, or filed as a business owner, the landlord may be more understanding. Again, the more paperwork you can use as evidence that you’re financially stable, the better.

3. Payment Consistency

Missed payments and maxed-out credit cards are also a concern. If you haven’t been able to pay, the landlord may assume you lack the income to keep up with debts, rental home costs, and general living expenses. If you’ve maxed out a credit card for debt consolidation, let them know. Likewise, any repayment plans in action should be shared.

If you’re ready to apply for a rental home in the Elk Grove, CA, area, turn to Realty Roundup Property Management. They manage over 2,000 properties and bring over 30 years of industry experience to prospective residents and landlords. Their team of real estate brokers, property management professionals, and administrators take a personal approach with their clients and will work with you to achieve the best outcome. Call (916) 685-6601 to speak with a representative and visit their website to explore their services.