At the request of an anonymous community member, I share this important post.
A heads up to all of you: Beth wasn’t kidding when she said that landlords check your credit score. A friend of mine was looking for rentals in an area with a particularly competitive housing market. It is the norm for landlords to ask for $30 to complete a credit screening. The rental application also asked for a blank check and information not just about debts owed, but also about how much money is currently in one’s checking account and savings account. This is verifiable information because the landlord now possesses the account and routing number from the blank check. Additionally, landlords sometimes ask for links to Facebook and LinkedIn profiles, and sometimes, this is explicit in the Craigslist ad.
When this friend finally received an offer, the landlord had not checked any references but only spoke to the friend and checked the friend’s credit score. The landlord said, “Your credit score is low, but your personality is excellent.”
This friend is unspeakably lucky. This friend now has a place to live and time to improve the credit score and hopefully to obtain a positive reference from this landlord. But, this might not even matter if the next landlord only checks one’s credit score and “personality.” I imagine that not everyone is so lucky. Seriously, check your credit score and keep your utilization rates low.