Rentals in Philadelphia>Question Details

LP, Renter in Philadelphia, PA

Any advice on what landlord's are looking for in a credit report? I've never had a credit card, so my credit score is only 637.

Asked by LP, Philadelphia, PA Thu Jul 31, 2014

I've rented 3 apartments before and never had any trouble. I also inherited a home from my father, which I own and have no mortgage on. I also have over 500,000 in mutual funds which I live off of.

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The decision whether to rent is at the discretion of the landlord. You shouldn't have trouble renting, especially if you can show liquid assets to a landlord via a balance statement that can cover multiple years of rent. Good luck with your search!
0 votes Thank Flag Link Thu Jul 31, 2014
What if my room mate doesn't have good credit? Would it be better to apply without him?
Flag Thu Jul 31, 2014
I guess I should also answer your question directly as well. In my experience the landlord is looking to see if you are going to pay rent, so if you don't have a big credit history, but have no late payments/collections/etc and can provide references from past landlords it isn't a big deal if you can show that you have the ability to pay.
Flag Thu Jul 31, 2014
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