Ways You to Qualify for Rent of Property with Bankruptcy, Liens or Bad Debt
Presently, in order to be eligible for home renting, a loan or even employment, you have to ensure that your credit rating score is high and have no financial issues. The reason is that a business with you comes with its challenge. We have researched tips to help you rent that home of your dreams with the bad credit rating and bankruptcy.
Ask for the Help of Someone with a Healthy Credit Score
Imagine there’s that home or apartment that you’ve always want but the landlord requires a healthy credit score. A proper way to go about is to get a relative or a trusted friend whose credit rating is okay to append a sign for you so you can qualify for the lease. Although it demands lots of trust on their side, co-signing means that they’d be ready to foot any unpaid debts or damages.
Never should you let the homeowner know that you’re in bad debts, have a poor credit score or bankrupt by accident Be honest the moment you meet for discussions about the property. Bad financial state that causes bad credit, low credit rating score can result from aspects you don’t have control over like an illness that piles up medical bills and the loss of a job. When you’re frank straightforward right from the onset, you earn the trust of your landlord.
Your poor credit score may perceive it as risky to rent you the property. That said, you can pay a prior to the time like a month prior to increase your chances. Also, you can use large deposit to avoid any complaints if you fail to raise the rent on time.
Joint Leasing with a Person of High Credit Rating
This tip would work where you want a big house. It helps you qualify for the house if you involve a person with a proper credit rating.
You can ask your current landlord to recommendation to the landlord to be if you’ve never defaulted paying rent. Recommendation letter can work best if you are submitting your applications online.
Offer to Pay Risk Fees
It’s not uncommon for a landlord to fail to consider your application for a home due to your current bankruptcies, poor credit rating and liens. Aside from making higher deposits and making upfront payment, you can also convince the landlord to charge additional risk fees if you must have the property.
Be Unique in Your Application
Make sure you don’t leave out any important information. You can even offer to sign a long lease, move in before the expected time or even pay a large sum for a rent deposit.
With the expert tips above, you increase the chances of the landlord nodding to your application even with all financial issues.