I own a home out of state and a car, but when I was layed off and got sick, my credit plummeted ( and have yet been able to even TRY to recover). All of the complexes I call say they will check my credit!!! I have no evictions or anything, just a bunch of stuff that has been turned over to collections!! I need advice PLEASE.
2007-06-21 09:11:17 · 7 answers · asked by ♥Ashley K. 5 in Business & Finance ➔ Renting & Real Estate
It may be difficult, but you need to explain your situation to them, every case is different. Be upfront and you might get a pleasant surprise.
You can try renting from a private individual.
Best of luck and hope you are well now. You WILL recover from this in time. Talk to your creditors and try to settle with them.
One thing you can do if you are able, is to take the smaller of your debts and start making payments to them, then when it is paid off, do the same thing to another and so forth.
2007-06-21 09:17:58 · answer #1 · answered by ? 3 · 0⤊ 0⤋
All large complexes will check your credit. Many really don't care especially if you look like you are making payments on all of your debt. Usually they will just charge you a bigger deposit which is fair. You will do better to look neat, use good manners, be friendly and helpful, and don't lie. They will rent if the rent to income ratio is good enough so that you have enough $ to pay on your debt and pay rent. Your other choice is what many with bad credit realize. You come rent from me. I just own a duplex and in the past I didn't check credit references. Look for owner rentals and try the above without mentioning your bad credit. They will have to tell you that they are running a credit check and then explain. The fact that you have not skipped out of anywhere will also be in your favor.
2007-06-21 16:18:58 · answer #2 · answered by towanda 7 · 0⤊ 0⤋
If you want a nicer place, you are going to have to get a cosigner. But, if you look in the paper and work a deal out with someone one on one, you can skip the credit check all together, and just explain your situation. There are some really good people out there hidding amongst the lame ones, we just need to take the time to filter through them. You can use the internet to search for people renting their places as well.
2007-06-21 16:13:57 · answer #3 · answered by Wonderment 4 · 1⤊ 1⤋
They are checking your credit to see if there is any judgment filed against you, if you have no judgment or eviction you should be OK.
You can get references or you can just simply explain your situation. To my knowledge your bad credit has nothing to do with a rental.
There are some nice and understanding people out there, be truthfull if they tell you anything about your bad credit.
Good luck.
2007-06-21 16:18:04 · answer #4 · answered by Arzuita 3 · 0⤊ 1⤋
I think maybe they will just make you pay a large deposit... then if you fault on rent they will probably kick you out and then hurt your credit more...
2007-06-21 16:14:37 · answer #5 · answered by ~Lizzy~ 3 · 1⤊ 1⤋
maybe with good references you will be able too and possibly a gaurantor
2007-06-21 16:14:11 · answer #6 · answered by TAFF 6 · 0⤊ 1⤋
You may, but expect to pay a hefty deposit.
2007-06-21 16:13:53 · answer #7 · answered by mazziatplay 5 · 1⤊ 1⤋