Unable to Lease a Home or Retail Property

You May Not Be Able To Rent An Apartment Or Office Space

Today, landlords are advised to check a series of consumer reports before renting an apartment or retail office space to prospective tenants, including reports from tenant screening services that detail rental history, adverse actions (evictions, denials of leases, co-lessee requirements, etc.), and credit report history. All of this information is designed to demonstrate the likelihood the tenant is to default or be late on their rent.

If these reports show red flags, coupled with a bad credit rating, you could be subject to higher rent amounts, higher deposits, or even be denied the lease altogether. If you are turned down, requested to include a co-signer, or asked to pay a higher rent or deposit, the landlord must inform you of this adverse action, the reason for the action, and the credit reporting agency that supplied the report.

Under the Fair Credit Reporting Act, you have the right to dispute any negative items on your credit report. InsideBadCredit.com suggests that you review your credit report if you have been the subject of an adverse action when trying to rent an apartment or office space. If you need help in determining and disputing errors, contact credit repair professionals for help.