Does rental application hurt credit score?

improvent363August 2, 2011

Does it effect your credit score and credit report when you fill out an application to rent a home or apartment ?Will that show up as an hard pull and an inquiry?

Thank you for reporting this comment. Undo
improvent363

Anyone? Anyone?

    Bookmark   August 3, 2011 at 5:49PM
Thank you for reporting this comment. Undo
westvillager

I assume you wonder if it drops your score? It's not the same for everyone; we all have individual history. Credit checks can affect it downwards, but usually not by enough to damage your ability to rent. People looking for a car or home typically have several hits in succession. Bankers and brokers know this. Your history and other credit inquiries will have a greater influence.

If there are multiple ticks during the year, you may be asked to explain it. Inquiries for multiple credit cards isn't appealing to a lender, but loans for education are generally OK, for example.

    Bookmark   August 5, 2011 at 9:00AM
Thank you for reporting this comment. Undo
Nirvana9

I'm not sure about your exact question, but I know that in the UK, paying rent on time doesn't contribute to your credit rating. Only loans and credit cards do that.

    Bookmark   August 9, 2011 at 9:11AM
Sign Up to comment
More Discussions
Garage apartment floor plan review
We are building a house at the beach (Seagrove Beach,...
cobbyw
Bathroom decorating ideas
Hi! I just moved in to an older style apartment building,...
Apart-ster
Terrified of my apartment neighbor what can I do?
I am a university student in a small city. I live in...
lexichay
Need help with a doorway partition
I just moved into a studio apartment and I'm looking...
sfliving
Help with reducing noise
I live in a second floor apartment with my 5 year old...
erin277
© 2015 Houzz Inc. Houzz® The new way to design your home™