I am currently looking for an apartment. My boyfriend and I both have bad credit. We recently paid off the bills we had, but I have a bankruptcy on my record. We have been saving for about a year, and have enough money to cover a year of rent. The problem is, I have had a few places tell us even though they have guarenteed money, because of our credit we can not rent from them? Is there a reason they would not let us rent?
2007-02-15 10:11:39 · 17 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Absolutely!!
No offense intended, but just like extending a loan to someone with back credit, you are a bad risk. I would not rent to a person with bad credit because, again no offense intended, it shows irresponsibility. Many places have probably been burned before & they are covering their butts. They may have guanteed money, but who says that money will cover possible damages or repairs to an apartment or house? I'm sorry you are having so much trouble finding a place to live. Keep trying, someone out there may give you a chance to prove you are responsible.
2007-02-15 11:00:29 · answer #1 · answered by More Lies & More Smoke Screens 6 · 0⤊ 0⤋
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2016-07-19 16:00:39 · answer #2 · answered by Becky 3 · 0⤊ 0⤋
Yes, they can still reject you for bad credit. They have the right to do that because they don't trust that you will pay it due to your past. There are certain things they can't use to reject you like your age, gender, marital status, race, handicapps, etc. You aren't "protected" because you have bad credit.
However, if you have filed bankruptcy, your credit probably isn't as bad as you think. When you file bankruptcy, your credit score is only compared to others who have filed bankruptcy, not everyone. Many places are also willing to give you a chance because they know that you can't file bankruptcy again for another 7 yrs from when you filed the first and in that time, they could probably get a judgement against you for it if you defaulted.
If you are having a problem finding an apt to rent, offer the landlord or complex management a higher deposit since you clearly have it.
2007-02-15 10:17:33 · answer #3 · answered by Trouble's Mama 5 · 0⤊ 0⤋
Yes they can. That's why some places like to run credit checks. If you can get a co-signer with good credit than they may not care about your credit issues.
That being said, the fact you have the money to pay for a year upfront should get an apt. manager willing to rent to you and your boyfriend. I know someone who rented an apt. but had to pay 6 months in advance because of lack of credit.
2007-02-15 10:19:57 · answer #4 · answered by Emma S 2 · 1⤊ 0⤋
Absolutely they can refuse to rent to you. Here's the deal, if you have, in the past, not paid bills, what is guaranteeing that you will pay the rent. How do they know that you are now willing to pay every month on time?
What you need to do, is have a co-signer. Having a co-signer that has good credit will show the apartment manager that if you do not pay, the co-signer will.
2007-02-15 10:18:12 · answer #5 · answered by Anonymous · 1⤊ 0⤋
You may be better off renting from an individual person, not a company or rental agency where you are only a number (your credit score) Individuals are more likely to look past that especially if you can offer a larger deposit and references that can attest to your dependability. You can find something, it just may take a bit more work. Good luck!
2007-02-15 10:35:08 · answer #6 · answered by Smilingcheek 4 · 0⤊ 0⤋
They can refuse to rent to anyone they want to. The reason they do a credit check is to find out how financially responsible you are. They probably don't want to rent to you because you are a risk since you've been bankrupt before.
2007-02-15 10:17:30 · answer #7 · answered by wannaknow 3 · 0⤊ 0⤋
Landlords are allowed to refuse you on the basis of your bad credit. Offer to give them three months of rent in advance that should be enough of an incentive.
2007-02-15 10:17:52 · answer #8 · answered by Akbar B 6 · 0⤊ 0⤋
That eviction is going to look incredibly undesirable on your credit checklist (if any). you haven't any longer any amazing to withhold lease, given which you're nonetheless residing there. He can definitely locate out your call and different records. Pay for effortless cable your self (mine expenditures $13/month, huge deal) and start up finding for yet another place to stay, speedy in the previous he locks you out and sells all your stuff, which contains the despite you utilize to paintings from homestead with. You overreacted. next time, get a written condominium settlement, whether month to month, and get any can provide in writing.
2016-10-02 05:09:42 · answer #9 · answered by ? 4 · 0⤊ 0⤋
Each agent has there own rules for renting you just have to keep looking
Sorry about your past history I wish people would give people a second chance in life plenty of people can make mistakes
Good Luck
2007-02-15 10:19:13 · answer #10 · answered by kittiebann 3 · 0⤊ 0⤋