Renting with bad credit?

Question

I have horrible credit and need an apt. will i still be able to rent?

Answer 1

Depends on what you mean by "bad credit". Is it just that you don't have a credit history? Have you ever skipped out of paying on an apartment before? Are you completely in default on paying your utilities or credit cards? What is the reason you have bad credit to begin with? Some apartment communities will accept a co-signer (usually has to be a family member) on your behalf or you may have to give them a larger deposit up front. My recommendation is to go to the apartment manager and explain your situation honestly to them. Depending on how many apartments they have sitting vacant, they may work with you. No harm in asking.

Answer 2

If you are renting from a property management company, it is likely that they will check your credit. On the other hand, if you are renting from a private landlord that has only one or two pieces of rental property, chances are that your credit won't be checked. Most small landlords do not have access to credit reports and are unwilling to spend the money for them. They usually pride themselves on their ability to judge character when it comes to renting their properties. While they may not check your credit, they may make a couple of phone calls to check out the information you provide in your application.

Your potential landlord is likely to have you fill out some kind of generic rental application. Sometimes, they will verify your place of employment and they may call your previous landlords to find out if you paid your rent on time. It is a roll of the dice as to whether or not a landlord will go to this trouble.

In the end, you should be able to rent a home even if you have bad credit.

Good luck with your search for a new place to live.

Answer 3

Yes...and...no!

Depending on whether or not you meet the criteria of the person or company you're attempting to rent from, you may be able to sign a lease but you may require a larger down payment than normal.

Also, keep in mind that individual landlords typically have a little bit more sway when it comes to considering individual needs versus an unfeeling company with policies and guidelines.

Answer 4

Bad credit is one of the worst problems to have... however there exists a solution.

I will hereby talk from my personal experience.

I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,
if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,

a good place to start in my humble opinion is astraight to the point ebook with question and answer I found :

http://umgarticles.atspace.com/debt-consolidation.htm

if it helps kindly remember me in your voting!.. cheers!

Answer 5

I cant disagree more, landlords who are on the market (with an agent) are very hard to get into. Yourll need a deal by the owner if you dont want them to know about yer credit. Its harder to rent than to buy these days.

Answer 6

If you have money 9 out 10 landlords do not care one bit about your credit score. They never even looked at mine when I got my first place. And I have had friends with truley horrible credit scores get places with ease.

When it comes to renting, in almost all cases you can get in as long as you have a security deposit upfront and proof of income.

Answer 7

yeah!! but your rent deposit might be alittle more. i do but do not have any bills. but my credit so.if rent cost 515 move in might be for me about 1200 $ but i'll get it back. it helps build credit. dont blow it.