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  • Simona Kalachov

Is bad credit score costing you your dream apartment?

A bad credit score can have a significant impact on your living situation as a student. Here are a few ways that a bad credit score can affect your ability to find suitable housing:

  1. Difficulty Renting an Apartment: Most landlords conduct a credit check before they rent an apartment to a tenant. If you have a bad credit score, it can make it difficult for you to rent an apartment or house. Landlords may view you as a risk because you have a history of not paying your bills on time.

  2. Higher Rent: If a landlord does agree to rent to you with a bad credit score, they may require a higher deposit, or you may have to pay a higher monthly rent. This is because they view you as a higher risk, and they want to protect themselves in case you don't pay your rent.

  3. Difficulty Finding a Roommate: If you're looking for a roommate to share an apartment or house with, having a bad credit score can make it difficult to find someone who is willing to rent with you. A potential roommate may view you as a financial risk, which can make it difficult to find someone who is willing to take the chance.

  4. No Utilities: Some utility companies may also require a credit check before they provide you with service. This means that if you have a bad credit score, you may not be able to get electricity, gas, or water in your name. In some cases, you may have to pay a deposit to get these services, or you may have to have someone with good credit co-sign for you.

  5. Limited Housing Options: If you have a bad credit score, your housing options may be limited. You may have to settle for a less desirable apartment or house, or you may have to live in a less safe neighborhood. This can be especially challenging if you're attending school in a new city and you're not familiar with the area.

In conclusion, a bad credit score can have a significant impact on your ability to find suitable housing as a student. It's important to prioritize building and maintaining a good credit score to ensure that you have access to the housing options you need to succeed in college.



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