Rentals in Aurora>Question Details

Wanda Barnett, Renter in Aurora, IL

Do you rent to people with low credit scores?

Asked by Wanda Barnett, Aurora, IL Tue Jan 29, 2013

I was laid off last year from my job and everything went down from there.

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Help the community by answering this question:


Find yerself a rental, owned and handled by an individual, not a management company:
Go meet them and talk; tell them your story and don't lie or exaggerate, be honest and open.
If they won't rent to you, you probably didn't want them as a landlord anyway.

Good luck and may God bless
1 vote Thank Flag Link Tue Jan 29, 2013

Since we don't own the properties that we list for rent we follow the owner's instructions or present the application for the owner to make a decision. My experience has been that those that use realtors overall prefer higher credit scores but depending on the property some owners may be more flexible.

Individual owners that use other services such as craigslist, hotpads, etc. may be more understanding in regards to your specfic situation since the economy has forced many people to be "right sized", downsized otherwise known as laid-off or fired.

Write up a letter of explanation with previous landlord references and be prepared to perhaps pay additional security deposit to make the owner feel more secure about leasing their property to you.

Best of luck in your search.
0 votes Thank Flag Link Tue Jan 29, 2013
As a REaltor we do not determine the criteria of rentals as far as what is and what is not an acceptable credit score. The decision to rent and the credit score is determined by the individual who owns the property. Some owners want impeccable credit scores and some will accept those with less than stallar scores provided you can demostrate the ability to pay your rent and your other financial obligations. So the answer is that some do and some do not. You should run your credit and be upfront when you do apply for a rental property.
0 votes Thank Flag Link Tue Jan 29, 2013
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