7 Ways to Rent A Home Even With Bankruptcy, Bad Debt or Liens
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. This blog post brings you tips to help you rent a home or apartment you’ve always wanted with an unhealthy credit score, are bankrupt and facing other financial troubles.
Seek the Help of a Person with a Clean Credit Score
Think about that property you’ve wanted to rent but the proper owner wants tenants with a proper credit score. You can bring on board a trusted friend or relative with a good credit rating to co-sign the lease for the property so you can be eligible. Co-signing requires that the friends and family members have lots of trust in your and they agree to any liabilities and unpaid debts.
Never should you let the homeowner know that you’re in bad debts, have a poor credit score or bankrupt by accident Explain everything when you get to meet in person with them for details on renting the apartment or home. It’s possible for financial strains that lead to bankruptcies and poor credit rating to result from factors beyond your control like an illness that leaves huge medical bills and sudden loss of a job You win their trust by being honest.
Make Upfront Payments
It’s possible for the landlord to view your tenancy as risk due to the unhealthy credit score. In that case, you can pay your rent upfront, for instance one month before. Besides, you can also hand in large deposit to act as a guarantee for the risk the landlord faces if it happens you don’t manage to raise your rent on time.
Rent Home Jointly With a Person with a Clean Credit
Such a trick is applicable in situations where the home has several bedrooms. 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. If filling your home application letter online, you can attach a recommendation letter.
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. You can offer to pay extra fees to cater for the risks involved on top of advance payment and large deposits.
Make your Application Different
Make sure you don’t leave out any important information. You can let them sign a long lease, offer to enter prior to the expected date and hand in a large rent deposit.
These tips guarantee that you have a great chances of getting that landlord accepting your application despite your current financial woes.