how can i rent a house with bad credit tried private owners but even they are checking credit these days?

Question

private owners are asking when you fill out their rental application that you pull your own credit report and attach it to the app what can i do to overcome this i've been employed with the same company for 5 yrs. why does this not prove i am trustworthy

Answer 1

Having bad credit proves that you can't be trusted to pay your bills on time. Simple fact of life, I'm afraid!

That said, some folks with poor credit are in that boat because they paid their rent first and let less important bills slide. That is the smart way to handle financial difficulties since you have to have a roof over your head as priority number 1. If you fit this profile, contact your prior landlords and ask them to verify your dependability for paying your rent on time.

Keep looking. There are landlords who will base their decision on other factors than just your credit record though it will take some legwork to find them.

Answer 2

You can find a landlord that will be willing to rent to you, even if they check your credit. I have bad credit and don't really care that i do, it hasn't affected my life at all.

While yes they will look at it and they might turn you down, simple fact is there are a lot of landlords out there that cannot find tenants and because they bought the house on credit they need to have an income and fast so they will ignore your bad credit, and simply take into account that you've been working stable for 5 years with a decent income. And only ask that you pay the first and last months rent.

Heck in all honesty i've seen places so desperate for tenants that they will even skip the security depost/last months rent totally. Just keep looking.

The biggest problem I've seen is actually getting your security deposit back from the landlords, you could have paid everything on time every month and left the house in the same condition as it was when you moved in and they still will try to keep the security deposit. Been my experience that private owner landlords are often the worst bunch of people there is out there. All i can say in that respect is photograph everything when you moved in and everything when you move out. That way you can make a case in small claims court.

Answer 3

I can tell you that I pull credit reports on prospective tenants and I am much stricter on my requirements on houses than on apartments.

Having bad credit won't automatically rule you out but having judgements from past landlords or utility companies will. If your bad credit is due to past mistakes and you have a good payment history over at least the last 12 months then you have a better chance of being approved.

and a note to Rapscallion: Not all landlords are crooks and I for one have NO TROUBLE keeping my rentals occupied. I take care of my properties and I am fair with my tenants. In fact, many of my tenants are referrals from my current or former tenants and I often have a waiting list for vacancies. Further most of my vacancies are due to people either relocating or buying a house.

Answer 4

Can you blame them ? The owners are simply looking out for their financial interests , same as you or anyone else would do .

Being employed by the same company for 5 years doesn`t really prove much , other than your work is acceptable . You could be in debt up to your eyeballs .......... the owner has no way of knowing one way or the other .

There`s no reason the owner of a rental property should have to chase after a tenant for the rent money , or provide extensions on the rent . They have enough problems with tenants skipping out or trashing the property .

When you think about it , who are the ones that made owners so wary ? ....................... You guessed it ! ......... Tenants !

Answer 5

Your credit is a document of your trustworthyness. Your pay is a document of your employeers trustworthness, not yours.

Almost all renters have lousy credit, so this can not be so simple. Landlords do not expect glowing reports, if you were great you would own.

As a landlord I dismiss anyone with a prior eviction and anyone with any charge offs, where you simply refused to pay back money you owed someone. I also dismiss anyone with more then one lawsuit on their credit report. If your credit is due to late payments you should be OK.