Finding reasonably priced housing is stressful enough. If your credit has taken a hit, it can feel almost impossible to secure a rental. Traditional apartments often require high credit scores, hefty deposits, or cosigners, which can keep good people out of secure, stable homes.
That’s where PadSplit is different.
At PadSplit, there is no minimum credit score required to become a member. Our mission is to make quality, accessible housing available to more people, including those who are working hard to rebuild their financial foundation.
How PadSplit handles credit checks
When you apply, we may take a look at your credit history. But here’s the good news:
- Your credit score will not affect your approval. Whether you have excellent credit, no credit, or damaged credit, you can still qualify.
- We use a soft-pull credit check. Unlike a hard inquiry, this type of check won’t hurt your FICO score.
Unlike traditional rentals, PadSplit doesn’t require large deposits or long-term leases. This makes it a strong option for people who’ve been turned away elsewhere or who need a more flexible way to secure housing.
Income requirements that flex with your situation
Instead of focusing on credit, PadSplit’s approval process is based on verifying income in a way that’s flexible and fair. We know members come from all kinds of work backgrounds, full-time employees, contractors, gig workers, retirees, or people between jobs, so we give you multiple options:
- Automatic verification with Plaid. Securely connect your bank account, and Plaid will confirm your recurring income.
- Upload documents. You can share pay stubs, bank statements, award letters, or deposit records for verification.
Once approved, we’ll give you a maximum weekly room rate based on your income:
- W-2 or 1099 earners: Approved for up to half your verified weekly income.
- SSI recipients: Approved for up to two-thirds of your weekly income.
If you’re self-employed, you can use bank statements or payment records from platforms like Uber, Lyft, Instacart, or DoorDash. If you’re unemployed and unable to provide income documentation, you may still qualify with an upfront payment.
Quick FAQs about credit and PadSplit
Can I qualify if I’ve been denied by other landlords because of credit?
Yes. PadSplit does not require a minimum credit score, and many members join after being turned away from traditional apartments.
What if I don’t have a credit history at all?
That’s okay! Having no credit history will not prevent you from becoming a PadSplit member.
Do I need a cosigner?
No. PadSplit does not require cosigners.
What if I’m between jobs?
If you’re currently unemployed and can’t provide income documentation, you may still qualify with an upfront payment.
Are there big deposits like traditional apartments?
No. PadSplit doesn’t require large upfront deposits, which helps members move in faster.
Why this matters for members
For many people, housing is the biggest barrier to financial stability. PadSplit helps remove that barrier. With no minimum credit score requirement, lower upfront costs, and weekly payments that fit your budget, you can finally focus on what’s next, whether that’s saving money, paying down debt, or simply breathing a little easier.
One member told us that moving into PadSplit was the first time they didn’t have to choose between rent and groceries. Others have shared how weekly dues that fit their budget helped them catch up on bills and start planning for the future.
A fresh start is possible
At PadSplit, we believe everyone deserves access to secure, accessible housing, no matter what their credit history looks like. If you’ve been turned away from traditional rentals, know that you still have options, and a community here to support you.
👉 Ready to learn more? Explore PadSplit rooms near you.
