I have been rebuilding for approx 1 year now. I have jumpe from the 540-560 range with 16-18 collections, to 2 negative items (2 repos - 1 in litigation), and a 674 Credit score (EQ/TU) with these repos actively updating while I keep my revolving balances (1-Macys/800, 1-Bloomies/1000, 1-Orchard/300 - all opened Oct/Nov 2009, & A CU LOC/500 -2/2006, & CU Secured/1000 - 3/2009) below 10% (individually and collectively).
I have done the same with my fiancee and hers (with closed/old lates) and her score is 711 (EQ), and 660 (TU). I would like to know what can I expect from a property management credit pull (I live in CA - North OC/Long Beach suburban area). This company (Western National Prop Mgmt) is very vast in CA & AZ and from a prop mgmt perspective what to expect.
Would emphasis be placed on the score? The old/closed lates on my fiancees report (lates are 3.25 years old)....? What about the two repos from 1.75 years ago that keep updating (though my scores are still rising)? I am just curious if these negatives on my report, or the old ones from hers (though our scores are good) will raise eyebrows in anyway.
Starting Score: TU: ?-- EQ: ?--EX 560 (8-08)
@Lel wrote:About 6 years ago, when I was looking for a place to rent, two prospective landlords told me that they would run a credit check on me before agreeing to a lease. I asked one of them what they're looking at, and he said that they're looking for any evidence that would indicate that I might not pay my rent in a timely manner. Specifically, they're looking for red flags such as late payments and collections.
So I don't think they look just at the score, but at the actual information that underlies the score.
Hmm, I get that...but I guess the crux of my question is the amount of stringency upon the past negatives as opposed to what the actual score is (better than many), and any experiences with that. Plus, my fiancee has excellent rental hitsory (10 years) and mine is okay (4 years).
Do prop management companies even look at credit scores...I assume they do, and that (if so) helps the case because our scores are good, especially in this economic climate.
@JoeBJay20 wrote:As mentioned, they not only look at scores, but also information in your report, including past rental history if you have any. If you do have red flags in your rental history, it would be better to mention it up front before the landlord runs your credit. This way you can explain what happened and why.
Yeah, nevermind. As I mentioned prior, only red flags are the two repos which are nearly two years old. I guess I was just looking for any experiences so to speak, I am fine anyway. Apped today.