Money Matters
bnnunley
member
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
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Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Apartment
So My bf and I are planning on getting an apartment together at the end of next year. My only issue is that I have TERRIBLE credit. I will be 100 percent debt free minus a car payment by the time we move in together but will I even be able to get approved for a credit since my credit is so bad? His credit is fine he has no derogatory marks that I know of.
Re: Apartment
I know people with horrible credit who rent apartments all the time. It is a factor, but not the only one. Go to a website like creditkarma get a ball park idea of where your credit really is. There are some things you can do to fluff up it up a little. Like you could set up autopay on your cell phone on a paid off card and pay it every month. It may be tempting to close accounts as you pay them off, but don't do it. Having available credit is good for your score. The trick is to not use it. If you have problems with over spending consider locking the cards up or some people mention freezing them in a block of ice.
Like PP has mentioned, it doesn't hurt to call some of the places you think you will be interested in and ask what their standards are.
@MrNibbles
my DH I moved in together last August and before we did I was seriously worried about getting an apartment together since his credit was really bad. My credit is rather good and when I was asking at different apartment complexes the general response was that they would be willing to rent to us, however the deposit would be higher. In the end the we ended up paying the lowest deposit allowed at our current apartment because my credit was so good it canceled out my husbands credit.
That being said there are things you can do now to help improve your credit. Having bills in your name and paying them on time makes a big difference. Just last month my DH and I applied for a credit card together and they gave us our individual credit score. Before we moved in together he had no credit... just 9 months of paying our water and power bills( the ones in his name) gave him a credit score. Its not amazing by any means but it is a lot better than it was and all he did was have 2 bills in his name and pay them on time.
Not all apartments do credit checks-- most places that do are apartment complexes. If you look on Craig's List, you'll find a lot of people rent out homes or apartments in homes. They usually don't do credit or background checks, depending on the area. If it's a pretty safe place, you shouldn't have trouble finding one that won't run credit. If you fall in love with a place, have your BF have his name first on the lease and explain to the landlord your situation BEFORE they do a check.
My husband and I were in the same boat when we first moved in together. He had (and thankfully still does) amazing credit! The place we live in now is our 3rd (hopefully final) apartment together and this is the first time they checked our credit.. it's also the first time we lived in a complex. My credit is still pretty bad thanks to student loans, but we explained our situation and she totally understood. Plus, we both have stable jobs that we've been working at for years. As long as you show that you're both super responsible and not going to make the landlord regret their decision, the credit check won't be that big of a deal.
Sorry this was a bit long. I tend to ramble. Best of luck!! If you have any questions, PM me