Blog - Fast Online Installment Loans

What Credit Score Do I Need To Rent An Apartment or A House

You’ll need a score of at least 670 to be considered for an apartment. The better your credit score, the better your lease terms will be. You’ll get accepted faster and may even be eligible for a rent reduction.

Renting an Apartment Requires a Minimum Credit Score

Depending on where you live, you’ll need a different credit score to rent an apartment. Credit requirements are frequently influenced by market conditions.

Credit requirements will be higher if the housing market is low. Landlords must take fewer chances with tenants. Landlords may be more indulgent with a small group of renters if the market is strong.

The same may be said of inventory. Your landlord has more options when it comes to tenants if there aren’t many rentals on the market. They’ll go with the person who has a higher score.

pay loans

What Is the Importance of Your Credit Score?

When it comes to renting an apartment, your credit matters. Your landlord may be concerned about your capacity to pay if you have a poor credit score. The higher your score, the more reliable you appear.

You pay your bills on time if you have a high credit score. It also demonstrates that you have a lengthy credit history. For a landlord, a low score represents a risk.

If your landlord has a lot of inventory, he or she may be more willing to make accommodations for renters with low credit ratings. If they need to fill a void, they could be more inclined to take a chance.

Your credit score also has an impact on other elements of your life. When you apply for a job, employers may run your credit. When you buy or lease a car, you’ll also have to present your credit score.

Credit is one of the most important elements in qualifying for a mortgage after you’ve finished renting. The higher your credit score, the lower your interest rate will be.


How Can You Raise Your Credit Score?

Improving your credit score will have a significant impact on your financial future. The most important thing you can do to enhance your credit is to reduce your debt. Your debt-to-income ratio will be better if you have less debt.

Start with the smallest debts to pay off initially. Next, concentrate on high-interest debt. This will save you hundreds of dollars in interest fees, if not more.

Pay in cash wherever possible to avoid accumulating additional debt. You won’t be able to use your credit cards or go over your budget if you have cash on hand.

Paying down or consolidating debt with a short-term loan can be beneficial. This is especially useful if you have a credit card with a high interest rate.

You may immediately boost your credit score by making a few little changes. The more debt you can pay off or eliminate, the better your credit score will be.

credit repair

Getting a Rental with a Bad Credit Score

There are still ways to qualify for an apartment if you have a bad credit score. Obtaining a co-signer is the first option. If your parent or partner has a good credit score, you can utilise them as a co-signer.

When it comes to qualifying you for an apartment, your landlord will use their score. Just make sure you pick someone with excellent credit. You might be able to sublet the apartment from them if you place the apartment in their name.

If you have a high-paying job, you may be able to get an apartment with a poor credit score. Having proof of income can help you overcome a bad credit score. Your landlord will see that you can pay your rent, and your credit score will be less of a concern.

You may also be eligible if you request a greater security deposit. With a low score, this may assuage your landlord’s concerns. Talk to them about your problems and how they might assist you in getting the apartment.

To Rent an Apartment, What Credit Score Do You Need?

So, what is the minimum credit score required to rent an apartment? Depending on a variety of conditions, this answer will be different. The health of the real estate market, the availability of apartments, and your other qualities all play a role.

Improve your score before applying to increase your chances of qualifying. To improve your chances, consider acquiring a co-signer or putting down a larger security deposit.

Fill out the contact form below if you’re wanting to get out of debt. A short-term loan can assist you in consolidating or paying off debt, as well as improving your credit score. Goloans is one of the faster credit rebuilding solutions on the market as of today! 

Posted by GoLoans in Loan
How To Get Approved For A Loan

How To Get Approved For A Loan

Have you been trying to get a loan for yourself but confused about the process? We lay down every detail you would need to get an approval for your loan.

Requirements to apply for a loan in any lender or financial institution providing loan services:

  1. Be at least 18 years old.

2. Employed for at least three months.

3. A few or no non-sufficient fund or stop payment transactions on the bank statement within the last 90 days.

While you would come across many lenders providing different kinds of loans, you need to consider which one you should go with, thinking about what best fits your requirements and needs.

Goloans is one of the top companies offering loans. We have made the process easier and faster for you by using a third-party Instant Banking verification (Flinks) to ensure the security of your financial data and by eliminating the use of paper documents. All you have to do is:

If Flinks support your bank account:

A. Access bank account through Flinks (military grade security)
B. A valid photo ID

If Flinks do not support your bank account, here is a list of documents required for loan processing:

  1. Latest 3 months bank statements in PDF format.

2. A valid photo ID

3. A Void cheque

4. Latest 3 months pay

5. A proof of residence (can be electricity bills, phone bills, or even the lease agreement.)

While it depends on the institution you are looking to finalize the deal with, more or less, the requirements of the documents stay almost the same. Therefore, it is mandatory and advisable for individuals looking forward to getting their loan processed as soon as possible, to have and send all the documents mentioned above ready with them to avoid any delays.

Quick Tips

Here are five quick tips to get the loan as quickly as possible:

  1. Get your credit score checked beforehand.
  1. Make sure that you do not apply for a loan with multiple lenders, as this may be unfavorable for you.

3. Take proper consideration of your debt-to-income ratio before applying for a loan.

4. Choose the loan amount that best fits your repayment capacity.

5. Make sure you meet the lender’s eligibility criteria.

Posted by GoLoans in Loan
Online Payday Loans: Things To Consider Before Getting One

Online Payday Loans: Things To Consider Before Getting One

With increasing expenses, most of us would have felt the need to get a loan at one point or another. With numerous options online, it can seem overwhelming and time-consuming in searching for the loan company that is right for you. Getting an Online payday loan in Alberta has never been this easy. But first, here is a list of the things you should consider before getting an online payday loan:

  • Fees and penalties: Knowing the charges on your loan is the first step in successfully repaying it. Everything is disclosed in your contract so do read it thoroughly before signing. These fees and penalties can get pretty expensive if you are unable to pay back the loan within the agreed terms. So before getting one, be sure to pay back on time or else you could find yourself paying more than what you originally applied for.

  • Terms and conditions: When you get approved for a payday loan, you will be required to sign a contract. This contract entails the overall cost of the loan and the agreement that you will have with the company. It is always a good idea to go through the entire document before signing it. Read and understand everything that is stated in the contract so you do not miss the fine print.

  • Criteria for eligibility: Payday loan companies have different criteria in choosing the people they will lend to. Basically, you will be evaluated based on your repayment capability. If the company is confident that you will be able to pay back their money within the agreed upon terms, then Congratulations! You just got yourself approved!
  • Repayment procedure: Lenders have varying repayment terms, you will most likely find it in your contract. Online payday loans usually follows your pay frequency. The mode of payment is indicated in your contract as well. Due to the convenience that these loan companies promote, everything is done automatically and online. Which means, your repayments can be through a direct debit from your bank account, an electronic transfer to the lender, or you may pay through the lender’s website.

Now you have considered the steps above, are you ready to apply for a payday loan? If you are, GoLoans is a one-stop destination for all your online loan needs.

Get your funds within 24 hours in a few easy steps:

1.) Sign up at
2.) Access your bank account through Flinks
3.) Upload a photo of your valid ID

It’s that easy! Everything is done online and hassle-free. What are you waiting for? Get your funds today!

Posted by GoLoans in personal loan
Top 5 Things To Consider Before Taking A Personal Loan

Top 5 Things To Consider Before Taking A Personal Loan

Have you been considering taking a personal loan but are still confused if that’s worth it? Here are the top 5 things that you can consider before taking a loan for individual needs:

  1. Maintain good credit:Before a bank or a financial organization approves a loan, the first thing it checks is your credit score. This is a compilation of the payments and debts of the previous loans or credit card payments that have been done in the past. Unpaid loans or defaulters in the loan payment reduces the credit score to a great extent. So before you even think of getting a loan, contact the credit score checked so that you can proceed with easy loans Canada by completing the other formalities.
  2. Check and compare the rate of interest: Like every other market, even the banks have pretty tough competition in providing the loans. This competition leads to different interest rates for the loans. It is always a good idea to check at interest rates off of the latest few banks before you finally decide which one to go with because this matters a lot while repaying the loan.
  3. Check all other related costs: Most of the time sits not only about the interest. Many additional related charges depend on the bank. As the rate of interest , it is advisable to list all the associated costs that need to be paid for a particular bank before the loans, during the term, and at the time of repayment.
  4. Finalize the amount: Depending upon the needs, finalize the amount you want for yourself to get things sorted. It is always suggested not to go beyond the required amount as you are the one who has to repay it.
  5. Check for your ability to pay: This is infact one of the most crucial aspect that needs to be considered. Apart from all the formalities and finally approved loans, there comes a time when you have to start repaying them. Check for your ability, depending upon your earnings, whether you will be able to repay the loan amount you are considering to borrow or not.

If you are looking for an easy loan in Canada, all you need to do is visit and get in touch with a professionals who can guide you further with the requirements. It’s easier then you think. Relax knowing it’s only a two minute application form.

Posted by GoLoans in personal loan