Ways To Rent With Bad Credit
Sometimes you might get in a situation where you are in need of renting a place to be staying but the landlord at the place can review your credit history and become reluctant to allow you access into the apartment because your loan repayment history is not convincing enough to assure them that you can be able to pay all the rent they need from you. They are usually justified in this because they are always careful not to do anything that might hurt their business and get them into debt as well due to unpaid house rents while they also need to settle their bills from the money. Another reason that might make it difficult for you to get an apartment for rent is when you have previously filed for bankruptcy, and the landlord finds out because this will show them that you are not in a very strong financial position to pay for expensive things such apartment rent.
There are many things that you might consider doing to convince a landlord that you will be paying them for renting you their house and it will make them more confident to allow you access. The first thing that you can do is to get a close friend who is in a better financial position to co-sign the lease with you before being given the apartment because the landlord is assured that in the event that you fail to pay the required rent then they can demand that the co-signer handles the expenses on your behalf, and therefore they are sure of not going into a loss.
Secodly, you should open up about your financial hardships at the time of negotiating for the apartment instead of waiting for the house owner himself to start looking at your credit history and find out about your bad credit. When you are straightforward with your landlord about how your credit is in bad condition, he is in a good position to trust that you can also be honest about your plan to pay rent in full but in good time and therefore it increases that chances of being rented the apartment.
The third thing that you can do is to find another person who has a better credit record than you and has not filed for bankruptcy so that you can rent the house together and help each other in rent payment at the end of the month. When you are in such a situation where your credit is bad, but your partner’s credit is good, the landlord will look at that of your partner, and he can be assured that he will be paying rent.