I'm worried- we put our app in to rent an awesome house yesterday; but I'm worried we won't get the house...

Question

Due to some major issues I won't get into my credit has taken some major knocks in the past and now sits at a "fair" 621. We have great rental history, including a year and half in our current townhome paying $1000/month on-time every month and 3+ years in the apartment before that paying almost $900/month, on-time, every month. Now we're moving for a great job opportunity for me and I've found a great, 4 bedroom house at $1225/month.

My income will be more than 3x the rent, but the bottom of the application states "a credit score of 650 may cause application to be unacceptable. Management has the right to refuse this application if the credit check, employment verification or rental history do not meet our standards, or if another Applicant has better qualifications."

Now, I understand the concept that they have to pick and choose to whom to rent because they rely on us to make their livings, but I will always pay rent... Anyone in Property Management have an idea for me?

Answer 1

Simply THIS; Stop worrying. Be patient. And see what happens. The rental market is in a LOT of flux right now... -So your deal could go "either way". Hang in there. I'm sure it'll all work out for the best- in the end. :)

Answer 2

Good luck on that one! There is no way to jump your credit score in the very short time frame that you need. I would not do anything until they actually "refuse" you DUE TO your low credit score. Don't call them! Theres no point in calling up, you'll only be "giving them" a reason to deny you by telling them a sob story and how you know your credit is so low before they make the big decision by themself's. You'll probably dig your own grave if you do that... however, unfortunately it may be very had to persuade them if it is clearly stated that they may not accept applications under a certain credit score. Usually company policy is exactly that, and no one's going to risk their job for you assuming it's an actual company that your submitting the application to.

Now, if it's NOT a company but instead a mom-and-pop type situation, you may also have more leverage then you think! Get your eyes to tear-up and you'd better be able to somehow convince them that your worth the chance! Do you have any skills that could be useful to them? How about explaining your really sad story on why they need to be willing to give you a chance? It's a very tough situation I know.. but the more proof you have that you pay bills on time, and the more positive references you can get them -the better your chances will be! If all else fails, just keep looking! There are plenty of places out there to rent.

Answer 3

Without looking too pushy call the landlord and let them know you are still interested. Eventhough in some states it is illegal for the landlord to ask for payment in advance, you could actually offer 4 months up front and then show statements from your job that you could pay. Landlords would love cash in the pocket and they might take you if you were willing to pay ahead of time to secure your spot.

Answer 4

try to buy one....