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Old 05-18-2018, 05:15 PM
 
2 posts, read 783 times
Reputation: 15

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I make about 120k a year and looking to rent a nice condo for about 2000 a month. My score is 620 and is low because of my current debt levels. I have several credit cards with balances but I will have 2 paid off next month which will be about 5k wiped out. But I will be applying in July, so my score won't go up much. Will I have trouble with this score? Also on the rental application when they ask about bank account balance, will they actually verify the balance? I'm not going to have any problem paying rent, I'm just worried about getting approved by a property management company. I will only have about 5k in the bank at the time of applying. I'm also not sure if I should say I have more in my bank account. I'm just really nervous about getting approved. I currently live in a condo and am paying 3k a month so I'm looking to bring it down to 2k a month.
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Old 05-19-2018, 11:29 AM
 
62 posts, read 135,452 times
Reputation: 41
Management companies might ask you for cosigner, Bank account should not be problem. Also very rarely they asking for balance.
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Old 05-21-2018, 08:53 AM
 
Location: Chicago
3,920 posts, read 6,832,743 times
Reputation: 5476
I'd be surprised if a management company wouldn't accept you knowing your income. Pay off those CC's and cut them up! There is NO REASON for someone of your income to be floating any balances, waste of money!
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Old 05-21-2018, 04:25 PM
 
2 posts, read 783 times
Reputation: 15
Thanks for the advice everyone. Appreciate it.
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