Credit Score in Memphis>Question Details

Latonya Patt…, Renter in Memphis, TN

can i rent a home with a credit score of 575 (eperian report score)?

Asked by Latonya Patterson, Memphis, TN Mon Nov 29, 2010

Help the community by answering this question:


Yes you can, some landlords will not accept you, however most will-they may ask you to pay an additional months deposit, but there are plenty of people that will rent to you. Do you have any references? This will help you. There are many places that will also rent to you if you have been through foreclosure, just be careful of ads on craigslist, some renters have been scammed by owners in pre-foreclosure. My recommendation is to find a local Realtor, they can usually help find you a place to rent and they will check and make sure the property you are going to rent is not in any foreclosure proceedings.
0 votes Thank Flag Link Wed Dec 29, 2010
yes, but they may ask you to leave an extra months deposit.
0 votes Thank Flag Link Tue Nov 30, 2010
Yes, your credit score is not all that bad. As long as you do not have any recent evictions, bankruptcies, etc. you should by ok. As a rule your income will need to be 3 to 4 times the amount of the rent (If rent is $700 your monthly gross income should be $2100 - $2800). The key is having all your documentation too (check stubs, bank statements, etc.).

A way to show you are serious if you have not so good credit is to have letters of explanation attached with an application that will explain why the blemishes are on your credit. Have a clean car when you go look at the homes. Dress nice and present yourself as if you were meeting the should do fine and have a place in no time.
0 votes Thank Flag Link Tue Nov 30, 2010
There are a lot of non qualifying landlords out there. You should def be able to rent in Memphis.
0 votes Thank Flag Link Tue Nov 30, 2010
We have many homes for rent and we do not necessarily look at your credit score, just your ability to pay. For more information visit me online at…
0 votes Thank Flag Link Mon Nov 29, 2010
If you can find a landlord that will accept it. If you have enough money saved up you may want to offer to pay 6 months ahead for them taking a risk.
0 votes Thank Flag Link Mon Nov 29, 2010
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer