Getting Creative With Credit Advice

How to Rent a House When You’ve Declared Bankruptcy

One of the most analyzed aspects of anyone in the recent times is their credit scores where they are mostly analyzed when one is seeking a loan approval. During employment evaluation our credit scores are also analyzed and also when a business partner is determining whether one is fit to partner them in different business. It, therefore, explains why most people are striving to maintain a solid credit score to have a good financial reputation. In the recent times landlord are also keen on digging on one’s credit score where they avoid people who have poor credit score as they are considered a risk. When one is having a poor credit score it does not mean they are completely locked out of renting a house but the following ideas are useful when one is out to seek a house to rent.

When seeking a house or an apartment during a period when they have poor credit score they can enlist a friend or a family member. If you enlist a friend or a family member who has a good financial reputation chances of renting a house which requires comprehensive credit check chances of being successful are high. When such persons cosign with you, they accept liability for any unpaid rent or damages on your behalf thus may serve to convince the landlord.

Before a landlord can provide a house for rent to anyone they need to be convinced that one is trustworthy and thus to help such a situation one needs to be straightforward when they are seeking a house about their financial status. One should be honest with the landlord whether they are applying through a rental application or meeting in person and should mention their credit situation. Many people have found themselves in bankruptcy due to situations which they couldn’t control such as sudden medical condition or illness or job loss. Informing the landlord of your financial status is better than letting them find it on their own.

One way of convincing a landlord is by promising to pay up front where one may even offer to pay their rent one month in advance. Another option is where one offers a bigger security deposit even when they have poor credit scores. Sharing a home with another tenant who has a better credit score is also an option. The other tenant signs the lease agreement but allows one to have some rooms.

When one is applying for a house they should ensure that their applications stand out where there are different ways such as offering to sign longer contracts, offering bigger deposits as security and also attaching referrals and recommendations.