Property managers want to know that you’re going to pay your rent, in full and on time. If your score is low, a landlord may be reluctant to rent to you, as they could be worried you’ll miss rent payments in the future.
"Your credit score acts as your financial report card: it's a number that tells banks, landlords, and even employers how likely you are to pay off your debts. The lower this number is, the less likely landlords are to approve your rental applications."
What if your credit score is too low to rent?
If you have a low credit score but you’re working to improve this and are confident you can afford the rent and manage your money in the future, there are a few things you might be able to do.
Don’t try to hide issues with your credit score – But it would still be subject to approval by the property manager and may be denied for reasons not listed.
