Credit Defaults and Renting – What You Need to Know?
Topic: Asunnon hakeminen, Naapurin puolesta kyselen
Causes, Severity, and Recurrence of Credit Defaults Matter Most
Having a credit default entry is nothing to fear—you should always submit a rental application. While we do check applicants' credit information, the overall picture of your situation is what matters most. A single entry, especially one from a few years ago, may not prevent you from getting an apartment.
How Do We Assess Credit Defaults?
Although we check credit records, our focus is on the number and nature of the entries. If defaults are occasional and not related to housing (such as rent arrears), we take an understanding approach. Life can be unpredictable, and one payment issue doesn’t mean someone isn’t a responsible tenant.
Recurring entries or housing-related defaults—like unpaid rent—carry more weight in decision-making. In those cases, we want to ensure that the applicant is capable of handling future rent payments reliably.
A Fixed-Term Lease Might Be an Option
In some situations, we may offer a three-month fixed-term rental agreement initially. If things go smoothly and payments are made on time, this can be extended into a permanent lease. It gives both sides a chance to confirm that the rental arrangement works well.
Applying for Housing with a Credit Default
A credit default doesn’t automatically disqualify you from renting. Always apply—we assess applications holistically. We understand that life circumstances vary and strive to find solutions that benefit both applicants and landlords. If you're concerned about your credit record, we recommend being open and ready to discuss your situation so that together we can find the best path forward.
