How to Renting with Bad Credit [mortgagefraud101.blogspot.com]

How to Renting with Bad Credit [mortgagefraud101.blogspot.com]

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Planning to live and rent in an apartment but having a bad credit? Credit history is one of the important things that a landlord is looking for a future tenant to have as they apply for a rental apartment that way they can have idea on how you will become a tenant to them. But if you have a bad credit history then it is much harder to look for a place. But it doesn’t mean that you cannot rent and just live in the street, there are still a lot of ways on how you can rent despite of having a bad credit.

1. Find an apartment that does not check credit history. This is one of the very easy things that can be done to rent an apartment having a bad credit. There are a lot of ways and places that you can find an apartment that does not check credit history, you can use internet, classified ads and even with the help of a real estate agent.

A real estate agent’s services will give you a chance to look for an apartment faster, apartment that does not check credit history.

2. Get recommendation. Recommendation can be one of the ways to get pass the credit check that landlord has. It is more reliable if the recommendation comes from a landlord that confirm that you are a tenant that do not give any problem to your previous landlord in terms of paying your rental fee, that you never created issues with your roommates and other people you lived with and a lot more good words that will describe about you so that you future landlord will allow you to live in his place.

3. Have a written explanation about your bad credit.

It is best that you will give clear and detailed explanation to your future landlord who is asking for a credit record. That way you can explain your side of why you have a bad credit. Landlords will be more than willing to let an honest tenant stay in his apartment than a too good to be true tenant.

4.  Have a co-signer. A co-signor will be the person responsible in anything that you will do in an apartment. The landlord can run after on the things that you will do and sue your co-singer instead of suing you because he is the one signs your lease. You need to make sure that the co-signer that you will get meets all the qualification to for you will be allowed to rent in an apartment.

5. Pay extra. Offer a landlord that you will pay more than the rental fee that you have, a price that they cannot refuse to have and make sure that they will allow you to stay in their apartment. If you will show to the landlord that you are very much interested to live in his apartment and willing to pay more than the rental fee then they will surely give you a chance to live in their apartment.

Don’t lose hope if you are having bad credit history because there are still a lot of solutions that you can have and will give you a chance to live in an apartment. 

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