Getting approved for a rental property often depends on your credit score. The good news? You can take practical steps—starting today—to improve your chances.
1. Know Where You Stand
Start by checking your credit report and score. Look for:
- Errors or incorrect accounts
- Outstanding balances
- Past-due payments
Tip: You can request a free credit report annually from each bureau.
2. Pay Your Bills on Time (This Is #1)
Your payment history is the biggest factor in your credit score.
- Set up autopay or reminders
- Catch up on any past-due accounts ASAP
- Even partial payments are better than nothing
3. Lower Your Credit Card Balances
High balances hurt your score—even if you pay on time.
- Aim to use less than 30% of your limit
- Under 10% is even better
- Pay down cards before applying for a rental
4. Don’t Open Too Many New Accounts
Every new credit inquiry can temporarily lower your score.
- Avoid applying for multiple credit cards or loans
- Keep your current accounts open and active
5. Dispute Any Errors
Mistakes happen—and they can drag your score down.
- Dispute incorrect late payments or collections
- Follow up until they’re resolved
6. Keep Older Accounts Open
The length of your credit history matters.
- Don’t close old cards (even if you don’t use them often)
- Use them occasionally to keep them active
7. Consider a Secured Credit Card
If your credit is limited or damaged:
- A secured card can help rebuild your score
- Use it lightly and pay it off monthly
8. Communicate with Landlords
Even if your credit isn’t perfect, you still have options.
You can strengthen your application by:
- Providing proof of steady income
- Offering a larger security deposit
- Getting a co-signer
- Showing positive rental history
9. Be Honest Upfront
If you’ve had credit challenges:
- Explain the situation briefly
- Show how you’ve improved
- Provide documentation if helpful
Landlords often appreciate transparency.
10. Start Early
Improving your credit takes time—but even small changes can help in 30–60 days.
Final Thoughts
A lower credit score doesn’t automatically disqualify you. By taking the right steps and presenting a strong application, you can still get approved—and set yourself up for better opportunities in the future.