Archive for FAQs – Page 2

What if My Credit Isn’t Good

Can I be Approved with Bad Credit?

Credit Score pic

In many cases, the answer is yes. However, it does depend on what is making your credit bad. As an example, if you have unpaid medical or school bills you should be okay. If you have judgments from past landlords or unpaid utility bills, they must be paid before you would be approved.

Depending on the bad credit cause, we may be able to approve your rental application with a qualified co-signer, and/or by your paying a larger deposit. If your credit does not qualify you for any of those options, unfortunately, your application will be denied.

Why do I have to pay to apply to rent from you?

You charge me to apply?

Sometimes we are asked why we charge to accept an application.  Most Landlords and Property Management Companies charge a fee with the application before they will consider a tenancy.  This is simply because we are charged fees to verify the information you provide on the application and to run background and credit checks.  So simply, it costs us money and we pass along the cost.  Further we are charged for each adult applicant that we have to check out. That is why our charge is per adult that will be living in the rental unit.  At Anchor Group this isn’t a profit center.  We don’t make money on this fee.