Bad credit or mediocre credit are no longer good enough for renters of lofts, condos and houses in Los Angeles. Because expanded rent control laws and covid overreaction rules have made it more difficult for home owners to evict undesirable tenants, more landlords now require credit over 700 in order for an applicant to be considered. More property owners are also requiring two months of security deposit instead of just one. They’re also asking more questions about employment and finances.
It’s more important than ever before for everyone to pay down credit cards and to reduce balances on other financing, such as car payments. Take advantage of free credit report services like Credit Karma and FreeCreditReport.com in order to monitor, print a free credit report, make improvements and dispute any derogatory credit information that might not be accurate.
Credit Karma can also provide a free credit report, which some landlords will accept, along with a free application. That can sometimes save $25 to $40 when applying for a lease. Many condo owners will accept the free credit report and the free application. When ready to make a move, take advantage of the Entar® free lease application at http://www.EntarL.com
Save money by using the free lease application from Entar, which is accepted by many condo owners and some apartments managers. Fill out the online form:
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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, DRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.