I will probably file bankruptcy due to credit card bills from years ago. I'm going to need to rent an apartment. Do I have a chance renting after filing? Or should I rent before filing?
2006-06-22 12:16:28 · 10 answers · asked by jagnew95 1 in Business & Finance ➔ Personal Finance
That will be up to the property manager (management). They will run your credit and based upon what they see will require you to put up an additional security deposit or a parental co-signer or both. If you didn't have the means to pay your bills, they want to be sure you do have the means to pay your rent.
2006-06-22 13:08:44 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Well, basically when renting, the main thing they care about is if you've had any landlord/tenant disputes. (this just means if in the past, you've paid your rent on time, stayed your contracted time, left the previous apts in good repair, etc. If you have bad credit, THE BEST thing you can do UP FRONT , is to write up a professional letter yourself stating that you have some "dings" on your credit due to Your uncontrollable circumstances. Without going into too much detail, elaborate on those circumstances (and fudge & tweak a little to push towards your favor) Trust me, it will go a lot smoother if the rental property knows up front, so they expect a tarnished credit report, and there are no surprises, also, now they already know WHY!
As far as any previous landlord tenant activity, if you think you're not going to get good feedback from your previous rental property management, it's best not to list them at all. Instead, say you rented a privately owned duplex, and your landlord inhabited the other half. Then give them your Mom's / friend's etc phone number and have them make like the property owner.
Unfortunately, in this day and age, people judge you on your credit, even when there's not much we can do to save face sometimes...people lose their jobs, their businesses go bankrupt (as my case), they need time off because of an injury due to an accident. But the bill collectors don't care, the bills just keep coming. It's hard to make it anymore, so cnady coat your situation, my friend. Every man for himself!
Good luck & keep your chin up!
2006-06-22 12:32:20 · answer #2 · answered by Jenny K 2 · 0⤊ 0⤋
Depends on where you rent. Some landlords require credit checks and a lot of paperwork. Other landlords will rent to you on a month-to-month basis and you would not have to sign a lease
2006-06-22 12:20:49 · answer #3 · answered by ps2754 5 · 0⤊ 0⤋
most apt. complexes check your credit so you may have a hard time. Look for something to rent from an individual owner
2006-06-22 12:21:36 · answer #4 · answered by ? 5 · 0⤊ 0⤋
have you tried consolidation? try your hardest not to file bankruptcy. go see a financial advisor and see if you can consolidate all your bills. if not, if you rent, you just might need a co-signer.
2006-06-22 12:20:15 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Be honest, don't try to hide the situation. Your not the first person this has happened to and needs a place to live.
2016-05-20 12:20:38 · answer #6 · answered by Anonymous · 0⤊ 0⤋
if i were you, id talk to either an accountant or a tax rep. someone that knows exactly what would be best in your situation.
good luck
2006-06-22 12:20:15 · answer #7 · answered by ? 6 · 0⤊ 0⤋
RENT BEFORE
2006-06-22 12:19:37 · answer #8 · answered by ? 7 · 0⤊ 0⤋
NO. Find a co-signer.
2006-06-22 12:20:11 · answer #9 · answered by ascendent2 4 · 0⤊ 0⤋
YOU'LL HAVE TO PAY A HEFTY DEPOSIT OR HAVE A CO-SIGNER. GOOD LUCK!
2006-06-22 12:19:40 · answer #10 · answered by sprdad13 3 · 0⤊ 0⤋