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How to Rent a House When You’ve Declared Bankruptcy

Our credit scores are analyzed in almost situation which will involve finances including when we are seeking a loan approval. The analysis is also carried out during employment evaluation or when a business partner is deciding whether to carry out business with us. It is everyone’s wish that they maintain a healthy credit score and also have a fine financial reputation as it affects many aspects of our life. In the recent times landlord are also keen on digging on one’s credit score where they avoid people who have poor credit score as they are considered a risk. But it is possible for one to rent a house even when they have a poor credit score and here are ideas on how to rent a house having financial difficulties.

In the event of one being unable to secure a house for rent due to poor credit score they can seek a helping hand from a friend or a family member where they are enlisted in the lease agreement. If you enlist a friend or a family member who has a good financial reputation chances of renting a house which requires comprehensive credit check chances of being successful are high. The the landlord may consider such agreements as the person cosigning the lease agreements commits to paying any liability on behalf of the tenant such as unpaid rent or damages.

It is also advisable that one is straightforward with the landlord from the start where you can provide information about your credit situations thus building trust. When applying for a house through a rental application or when one meets the landlord in person it is advisable that one is honest about their credit scores and financial situation. Not everyone finds themselves in a bankrupt situation or having poor credit scores due to factors they had control over. Informing the landlord of your financial status is better than letting them find it on their own.

It is possible to convince a landlord if one offers to pay up front such as promising to pay rents one month in advance. One can also offer a bigger security deposit which may see the landlord having a change of mind. Another option will involve sharing the house with an individual with better credit scores. One will not therefore need to sign the lease contract as the other tenant signs it.

When applying one should also ensure their application stands out where they can offer to pay bigger security deposit, sign a longer contract or promise to move in ahead of schedule.

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