Reply #90: Key word... [View All]

[AnneD]

depending on the lender. One thing is certain-this latest downturn will be changing some attitudes about those that use cash over credit. If the landlords gets enough vacant apartments-he might look at alternatives other than Innovis/CBC.

Years ago I use to work as a leasing agent for an apartment. We looked at their last rental (how much and did they pay on time), and their salary. We also looked at the year of their car model. That was it and we were very accurate in our assessment. Now if a renter can pay a year in advance-that is not really a risk and FICO or any other means of measurement is not a reason to turn someone down. As I said-these are used by folks that have forgotten how to use their brains.

If you are a renter-it might take you a little more effort to find a landlord like that, but they are out there.