Your credit score will determine how you get an Apartment!

@jaylahiman_

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Why it worked

The creator taps into a common frustration about the housing market and credit score dependency, offering a relatable perspective that resonates with viewers facing similar challenges.

Summary

The speaker discusses how credit scores heavily influence apartment rentals, often leading to automatic rejections or higher upfront costs for those with lower scores. She expresses dissatisfaction with this system, arguing that a person's credit score doesn't fully define them and that other factors should be considered.

Structure

1Credit score determines apartment rental.
2Landlords use automated systems for rejection.
3Low credit scores lead to higher upfront costs.
4Speaker dislikes the system, believes scores are not definitive.
5Other factors should be considered for housing.
6Student loan debt doesn't stop life or rent payments.

On-screen text

Your credit score will determine how you get an Apartment!

Original caption

Important !!! #fyp #apartment #rent

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Transcript

Your credit score will determine how you get an Apartment! Upfront moving costs when getting in an apartment is heavily dependent upon your credit score. And I'm actually gonna be completely honest. I don't necessarily like that because what happens is most landlords and most apartment complexes, they have a generated system. In the system, it's set up to automatically decline your application if you fall within a certain credit score range. There's also room for other factors to kind of help gauge the decision. Going through having a low credit score, but being able to prove with conditions, maybe they have a higher deposit, maybe they have a higher deposit plus first and last month's rent upfront. That's how people end up having to pay sometimes $4,000 for just the upfront moving costs. And I'll be honest and tell you, I don't necessarily like that because I genuinely believe it's hard to tell a lot about a person based off the score itself. If you really want to know a person's relationship with their credit, you really gotta assess their credit profile. I went to school, I have several degrees. I am in $100,000 worth of student loan debt. Just because I have student loans doesn't mean life goes on. Life still goes on. Still have to have gas in the car. Still have to live. Still have to pay rent. You're not wiping out $100,000 worth of student loan debt, no matter how much money you're paying towards them. That's why even though I work in the financial side of real estate, when I say I am passionate about putting people on game apartment complexes, do you know how hard it is to secure housing?