Rentals in Valdosta>Question Details

Unspecified, Renter in Savannah, GA

I'm relocating to Valdosta soon for graduate school, and I really need a home to rent. What does my credit score need to be to rent a home?

Asked by Unspecified, Savannah, GA Tue Aug 21, 2012

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Lakeside Apartments’ answer
We are an apartment complex. We go off what is on your credit not your actual score. We also go over any prior rental history, income and criminal background. If you are interested feel free to call us at 229-244-5350!
0 votes Thank Flag Link Wed Aug 22, 2012
Good morning,

We see many credit reports with low credit scores (anything less than 620), and often many scores in the 500's. This is BAD credit. If you are one of the folks affected by this terrible economy, you have a low credit score and you have a dream of buying a home, here's some simple advice for you.

It is unlikely you could be approved for mortgage financing with that credit score at this time.

Beware of any mortgage professionals promising you an approval with such a low score. Wait on buying a home. I recommend you take the time to resolve your credit issues.

First, settle any outstanding debt. If you owe money on collection accounts, charge-offs and/or judgments, make payment arrangements and get these accounts paid promptly.

Next, begin rebuilding your credit. If you have current accounts with good payment histories, or even some previous late-payment-blemishes, make sure you continue to pay those accounts on time. If you do not have any existing credit accounts then you'll need to establish several in order to create a viable credit history.

I have found that CONSUMER ACTION is an excellent resource for objective advice on all things credit related. You'll find free and sincere advice on everything from settling collection accounts to rebuilding credit to building credit from scratch on their website.
http://www.consumer-action.org/

Beware of anyone offering to "repair" your credit! The Federal Trade Commission issued a stern warning last year that such offers are scams. Find more from the FTC HERE.
http://www.consumer.ftc.gov/articles/0058-credit-repair-how-…

The best way to buy a home is to have a decent credit history combined with sufficient Income and Assets for a home purchase.

The best way to have a decent credit history is to settle negative outstanding obligations and pay all your bills on time for at least two years.

Trevor Curran
NMLS #40140

*If you thought my answer was helpful, please give me a “Thumbs Up” or “Best Answer.” Thanks!
0 votes Thank Flag Link Fri May 24, 2013
I have a 3 bed, 2 bath, 1,400 sqft condo located just 2 miles from the VSU campus that could work for you. I personally use other background information for rental basis. For more info and pictures of my condo fro rent, please go to http://www.PriceSouthProperties.com.
0 votes Thank Flag Link Fri May 24, 2013
We manage over 450 homes and apartments in Valdosta. Your credit score is not as important as your source of income, previous rental history, and other payment history. Call me and I will help you find your next home.

Stephen Lincoln
229.247.4450
http://www.lincolnrealtyvaldosta.com
0 votes Thank Flag Link Tue Aug 21, 2012
All landlords or management companies aren't so concerned with yiur credit score actually just depends on the individual. If I can help you in anyway let me know i'd be happy to be of any assistance. Kaylane Peters. Keller Williams Realty Metro Atlanta 504-373-9696
0 votes Thank Flag Link Tue Aug 21, 2012
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