FAQs

Your credit report gives us an indication of your willingness and ability to pay your rent and other obligations. Your credit report will also aid in verifying the information you provided on your application such as place of employment, social security number, and previous addresses.

Maybe. We evaluate every applicants COMPLETE application. The credit score is only part of the complete application; we also evaluate the length and stability of employment, the amount and source of income, the length and stability of the rental history. An applicant with marginal credit who provides no verifiable rental references is very unlikely to be approved; while an applicant with an excellent rental history and verifiable employment is much more likely to be approved.

Yes, As stated above we consider your COMPLETE application including your employment and income, rental history/references, and criminal background check.

Again, we consider your COMPLETE application. An applicant who has no verifiable rental references and no credit history will find if very difficult to get approved. An applicant with good rental references and verifiable income / employment may be approved even though the applicant has no established credit.

How would you feel about living next door to a registered sex offender or known drug dealer? How would you feel about paying an extra $100 a month to help cover your neighbors rent? By conducting a thorough resident screening process, we are not only protecting the value of our properties; we are ensuring that you have a safe and affordable living environment. This process helps us to keep our collection losses to a minimum so that we don’t have to raise rents to adjust for tenants who become delinquent, disturb their neighbors, damage the property, or create other problems. The Fair Housing Act requires that we subject every applicant to the same screening process and apply the same rental selection policy in our decision making. A prospective resident should be very cautious about renting from any landlord or management company that fails to conduct a similar applicant screening investigation.

Credit checks are a standard practice in our industry. Most apartment owners and landlords now perform credit checks on all applicants, and charge application fees in varying amounts. Although we are not extending credit, we are entrusting you with a residence that has a great value. Think about it this way, would you hand over the keys to your car to a complete stranger?The credit report and other reports are also used to verify the information   provided on the rental application.

Your credit score is not our only consideration. We will also consider you income level, we will perform a criminal background check, examine your rental history, and perform a social security trace (identity verification). However, your credit history is an important consideration. A credit score is used as an indication of Risk, or your willingness and ability to pay your rent and other obligations.

The Federal government passed a law that requires credit reporting agencies to provide you one free credit report a year. You can obtain your credit report FREE at:
www.annualcreditreport.com OR (877) 322-8228
Please be careful of other websites that claim to offer FREE credit reports, this is the official website established by the credit bureaus in response to FTC regulations. Other sites will attempt to sell you various credit services. Your credit report is available free of charge, however, you will have to pay to get your credit score.

Additional information about your credit report & credit score can be obtained from the Fedreal Trade Commission at:
www.ftc.gov/credit/

We use the FICO credit score in our evaluation. You should be aware that there are several different credit scoring models available. It is important when considering your credit score that you know what scoring method was used. There can be a vast difference in your score depending on the scoring system used. For example, a FICO score of 650 is not equivalent to a Vantage score of 650.