Quote:
Originally posted by KRL
That's ridiculous. Good people get into difficult financial circumstances due to factors beyond their control all the time. Divorce, business failures, job displacements, illness, etc.
40% of the credit files in America have bad marks in them by the way so you're suggesting half the country should be left out of the credit markets?
You price credit by risk. Good credit gets better rates, bad credit pays higher rates for the risks assumed by the lender. But you don't just blow off people with credit problems.
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KRL - I agree with you but I would rather not take the chance when there are plenty of good renters out there with good credit scores. We don't take anyone with bad credit unless they want to put down about 3 months rent. I think it just depends on supply and demand. In most parts of FL right now there are plenty of good renters with good scores.