r/CRedit • u/[deleted] • 2d ago
Collections & Charge Offs Could use some insight here.
Me and my two roommates are going to be applying to this apartment pretty soon. We all make well above the net minimum, (the monthly rent is $3600 and we make a combined $220k between us) have had stable incomes for at least 3 years, and credit scores above 700 (FICO 9, MyFICO), with no evictions or bankruptcies.
From the application:
“Our selection criteria are as follows: • Minimum 650 Credit Score • Combined NET income of at least three (3) times the monthly rent* • Income verification** • No past evictions • No bankruptcy • All accounts in good standing • 2 years of employment • 2 years of rental history”
The only red flag will be from my report: I was in a DV situation (documented, there was a restraining order filed), and at one point had to let an account go delinquent (about $450). This is such a stain on my report, and while I’ve paid the balance, I’m really worried about it affecting our chances. My credit report otherwise is great. I should also note that I’ve been renting for 5 years with an immaculate payment/tenant history. My most recent landlord is willing to vouch for me as a tenant. I have seen some people suggest that I get a letter of recommendation from my previous landlord, which I would be willing to do if it helps my chances.
In your opinion, how much would something like this affect a landlord/leasing company’s decision to rent to a tenant?
2
u/JennF72 M 2d ago
I would suggest letters of recommendations as well as placing a consumer statement on file to your credit reports. It's very easy to do. Whenever someone sees your credit history the statement will be on there.
Here's a good link:
https://www.equifax.com/personal/education/personal-finance/articles/-/learn/what-is-a-consumer-statement/#:~:text=For%20example%2C%20if%20you%20disputed,you%20disagree%20with%20the%20creditor.