I dont have enough credit how hard it will be for me to get a apt ??

Asked by WENDYCAMACHO24, New York, NY Tue Jan 21, 2014

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7
Anna M Brocco, Agent, Williston Park, NY
Wed Jan 22, 2014
Much will depend on the landlord/building, each is different; however you can consider being upfront regarding your credit; be prepared to show proof of employment/pay stubs; possibly pre-pay some of the rent; possibly offer extra security; have some reference letters handy; consider a guarantor, etc.
1 vote
Chris Plummer, Agent, New York, NY
Wed Jan 22, 2014
Wendy,
You have a couple of options available to you if you just have not had the time to build up your credit. One option that you could go with is to use a secondary company as your guarantor. Insurent.com provides this service to many people here in the NY and you can visit their site to see which management companies that they work with as well as what they would charge for this service. There are quite a few landlords that will work with you as well but be prepared to pay some extra security. This could range as high as 6 months depending on where you are at income wise. One last option is to pay the entire year upfront. Not every landlord will want to go this route so just be sure to ask before you commit. Hope that helps and all the best of luck in your search!
Kind Regards,
Chris
cplummer@linkrenyc.com
1 vote
Jerry Sapkov…, Agent, new york, NY
Wed Jan 22, 2014
Hi Wendy,

No credit is better than bad credit. With that said...it doesn't mean you will meet the renting criteria of most landlords. I do encourage you to ask about the criteria of the landlord before you submit an application and you spend money on application fees.
Good luck!
Jerry
asc179@verizon.net
1 vote
dploves2sell…, Agent, Woodbury, NY
Thu Jun 18, 2015
Speak to a local Realtor that is located in the area you would like to find an apartment in.
He/she should be able to help or make suggestions.
0 votes
Nardeen Bill…, Agent, New York, NY
Wed Jan 22, 2014
Hey Wendy,

Typically cash is king. Although most landlords shy away from tenants with below average credit scores, some do not. You might be expected to pay more upfront, for example, 2-3 months rent up front, etc.

It all depends however it is not impossible.

If you have more questions send me an email, nardeen@rapartnersny.com.

Good luck :)
0 votes
Michael Penn…, Agent, New York, NY
Wed Jan 22, 2014
Wendy. That scenario would only work in a rental. If you want to buy a consigner on the mortgage may work.
0 votes
Michael Penn…, Agent, New York, NY
Wed Jan 22, 2014
Hi Wendy,

If you have bad credit, you're only option is getting a guarantor to also sign the lease. The guarantor would need to make 80 times the rent for most landlords. If that isn't an option some landlords may take extra security.
0 votes
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