Why Reports Aren’t As Bad As You Think

How to Rent a House When You’ve Declared Bankruptcy

Our credit scores are analyzed in almost situation which will involve finances including when we are seeking a loan approval. The analysis is also carried out during employment evaluation or when a business partner is deciding whether to carry out business with us. It is, therefore, the wish of every person to maintain a healthy credit score or a good financial reputation. Scrutiny on one’s credit score has also extended to the landlords who are keen on one’s financial reputation to ensure they avoid leasing their houses to risky tenants. The fact that landlord is keen on one’s credit score does not mean that a person with poor credit score cannot afford to rent a house as they can employ the following ideas to secure a lease or an apartment.

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. Enlisting a family member or a friend who has a stronger a credit score they can help you increase the chances of one securing a house that requires a comprehensive credit check done by the landlord. The the landlord may consider such agreements as the person cosigning the lease agreements commits to paying any liability on behalf of the tenant such as unpaid rent or damages.

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.

It is possible to convince a landlord if one offers to pay up front such as promising to pay rents one month in advance. One may also offer to provide a bigger security deposit which may convince the landlord even when they had initially turned down one due to poor credit scores. Another option will involve sharing the house with an individual with better credit scores. One will not therefore need to sign the lease contract as the other tenant signs it.

When applying one should also ensure their application stands out where they can offer to pay bigger security deposit, sign a longer contract or promise to move in ahead of schedule.