Planning to rent a new apartment? One of the most important numbers in your life might not be your income—it’s your credit score. Most landlords and property management companies, including those at The Delta, use credit reports to help determine eligibility for a lease. A strong score can make it easier to secure your preferred apartment, avoid high security deposits, and even give you more negotiating power.
If your credit score could use a boost, here are practical steps to take before submitting your rental application.
Tips for Building Your Credit Score Prior to Moving
- Check Your Credit Report for Errors
Start by pulling your credit report from the three major credit bureaus: Equifax, Experian, and TransUnion. You can access your reports for free at AnnualCreditReport.com. Look for errors such as:
- Incorrect account balances or late payments
- Accounts you don’t recognize
- Outdated or duplicate information
If you spot anything suspicious or incorrect, dispute the error right away. Fixing even one mistake could bump up your score and make your report more appealing to landlords.
- Pay Down Existing Balances
Your credit utilization ratio (how much credit you’re using compared to your limits) plays a big role in your score. Aim to keep this ratio under 30%, or lower if possible. That might mean:
- Paying off high-interest credit card balances
- Making extra payments before your statement date
- Avoiding new charges while you’re preparing to move
Reducing balances quickly shows responsible borrowing and can have a near-immediate impact on your score. After checking your credit report and taking care of existing balances, you can check out available floor plans at The Delta to find your ideal apartment.
- Make All Payments on Time
Your payment history makes up the largest part of your credit score. If you’ve missed any payments in the past, now’s the time to course-correct. Set up reminders, automate payments, or use budgeting tools to stay on track.
Even one missed payment can hurt your score, but consistent on-time payments over the next few months can help rebuild your reputation as a responsible renter.
- Avoid Opening New Credit Accounts
Every time you apply for a new credit card or loan, a hard inquiry is added to your report. Too many inquiries in a short time can signal financial instability. If you’re planning to apply for an apartment soon, hold off on opening any new accounts until after you’ve signed your lease.
- Add Positive Credit History
If you have a limited credit history, consider adding accounts that reflect your responsible habits. For example:
- Use a secured credit card to build history with small purchases and on-time payments
- Become an authorized user on a trusted family member’s account
- Look into rent-reporting services that add your on-time rent payments to your credit file
These strategies can be especially helpful if you’re a younger renter or recovering from past credit challenges.
- Be Honest With Your Leasing Office
If you’re concerned that your credit score might not meet requirements, consider being proactive. Some properties may take a holistic view of your application. Bring proof of income, offer references, or ask about a higher security deposit if necessary. A clear explanation and strong supplemental materials can help ease concerns and demonstrate responsibility.
Thinking About Renting in The Delta?
In The Delta, we believe in helping residents take confident steps toward their next chapter. From walkable access to everything you need, to a team that values transparency and connection, we’re here to support your move—credit score and all. The Delta has partnered with Homebody Rent Reporting – to boost your credit from paying rent on time, while earning rewards.
Explore available apartments at The Delta and take the next step toward your new home in the heart of Elkhart’s River District.