Comment by WarOnPrivacy

Comment by WarOnPrivacy a day ago

> Rent is up like crazy, but even more so rental criteria is ridiculous and competition is insane.

Yes. People with solid jobs and money in the bank - people who've lived responsibly by saving before buying, almost no one will rent to them because of a zero credit score.

And we know a bit about competition too. We got our current rental in 2021. It was a FB ad, with a crayon drawing of the layout. It was up for less than 2hrs and had 50 applicants. We got it by offering 6 mos in advance + heavy security deposit.

what 21 hours ago

People with solid jobs and money in the bank don’t generally have zero credit scores.

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bruce511 20 hours ago

It'll vary by location, but typically credit scores are a measure of -credit- management, not -money- management.
So people who are good at managing money, who tend to avoid credit, don't get a chance to demonstrate good -credit- management and hence end up with a low score.
This is one reason why getting a credit card, using it, and then paying it off in full every month is a valuable thing to do.
So for all the good money managers out there, be even smarter - build a good credit management history as a side effect of your good money management. That'll pay off in the long run.

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- jfreds 5 hours ago
  
  Maybe it goes without saying, but if you aren’t good at managing -credit-, you aren’t good at managing -money-, period.
  All your savings will evaporate when you can’t get a good mortgage rate. That’s not good money management
  
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