Leasing to a couple with good credit. 3rd person has bad credit.

[adjusterjack]

would you personally move forward with the tenants I'm considering (credit scores of 702 and 680 for the couple guaranteeing lease payment), or would you pass? Assuming of course I make all tenants jointly responsible. The couple have no negative items on their credit, though they have a high student loan debt combined of $130K.

"No negative items" is good. Student loan debt is OK. But I would want to know if they are living from paycheck to paycheck or do they have savings in the bank and a cushion between their bills and their income.

 

[FarmerJ]

Julia keep in mind there are people who pay rent on time, pay there electric and gas and phone and car ins and have no credit card debt but have a lot of medical bills they are behind on and that has damaged their credit rating.

 

[juliabennett999]

Thanks guys - I really appreciate all the insight.

 

[quincy]

Thanks guys - I really appreciate all the insight.

We all appreciate the thanks, Julia, so thank you.

I hope the tenants you choose to occupy your condo create for you no problems.

 

[westside]

I'm sorry - if you have a legal question, please start your own thread. Thank you.

I'm sorry, if you are not a board moderator, please refrain from acting like one. It harms the orderly flow of things.

 

[PayrollHRGuy]

I'm sorry, if you are not a board moderator, please refrain from acting like one. It harms the orderly flow of things.

That's not quite how it works here.

 

[quincy]

I'm sorry, if you are not a board moderator, please refrain from acting like one. It harms the orderly flow of things.

Actually, your latest post could be looked at as harming the orderly flow of things.

Julia expressed appreciation for the contributions made by the forum members. That was nice.