How To Rent With Bad Credit
In today’s world, it is very hard to get an apartment to rent and live in when you are experiencing a difficult financial time with records of not paying your loans well because the owner of the place is not willing to hand you the keys to his house in fear that you are not capable to fully pay the amount they need and in time. The landlord has every reason to suspect that you are not capable of paying him or her the rent that you might owe at the end of every month because your details do not look good and most of them are not ready to gamble with their property. Having petitioned for bankruptcy in the recent past is also one of the things that will put a house owner in a difficult position to allow you to rent his house because they are not even sure that you have enough money to pay rent and most of them will not accept your request after finding out about your financial situation.
Some important steps can be taken so as to make the house owner more comfortable with the idea of renting you his house even after going through your records showing your bad credit history and it all depends on how much you are willing to do to convince him. 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. The good thing about not hiding the fact that you are currently not in a good financial position to the apartment owner makes him look at you as an honest person, and they can, therefore, be interested in renting you the house if your plan to get money in time and pay rent looks credible to them.
Thirdly, you can also partner with another individual who has a good financial record and with no major debts to rent the house with you and be paying monthly rent together. This is important because the landlord can be convinced that you can pay your rent by judging from the other person’s good credit.
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