How’s Your Credit?

You may need a stronger credit to rent these days!

Having solid credit makes it more likely you’ll get approved for a new credit card, auto loan, or mortgage. And, if you are seeking to rent rather than buy, strong credit could be your ticket to a lease. Here’s what you need to do to ensure you have good credit:

1. Pay all incoming bills on time
2. Pay off some existing credit card debt
3. Check your credit report for errors

When it comes to renting, there’s no such thing as a minimum credit score requirement. Each landlord will ultimately decide what credit score he or she is comfortable with. But, the higher your credit score, the more likely you will be approved, so if that number needs a boost, get moving —- before the time comes to sign a new lease

Also, a good credit report will give you a more favorable mortgage rate!!