Apartments - Bad Credit

Have you ever been apartment hunting with below average credit? So have I. It’s not fun. In fact…it’s kind of humiliating and exhausting. You finally find an apartment you like, only to be turned down. Not once, but again and again. And again. And yet again.

If this is your situation, you’re probably on the verge of giving up. It’s almost soul-destroying.

Well, not to worry. There are ways to rent an apartment with bad credit, and I’m going to let you know about them here today.

FOR MORE IN-DEPTH INFORMATION ON RENTING AN APARTMENT WITH BAD CREDIT, SIGN UP BELOW. WE HATE SPAM, TOO, SO YOUR INFORMATION IS SAFE WITH US!


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1) Get a copy of your credit report yourself so that you know exactly what you are dealing with ahead of time. Be prepared to explain - in a calm, friendly, and professional way - how you ended up in the credit situation that you find yourself in.

2) Beyond explaining your situation verbally, it can be extremely helpful to write a letter providing a simple written explanation of all the negative items on your credit report, point by point.

3) Landlords and managers may be more inclined to rent to bad credit applicants if they get more money up front, therefore offer to pay multiple months’ rent initially or pay a larger deposit.

4) Landlords may also be willing to assume the risk of renting to tenants with bad credit if they get more money over the long term, therefore offer to increase the amount of the rent you will pay monthly.

5) If you have friends or family members with stable credit, find a co-signer for the lease.

6) Go to small, privately-owned buildings as opposed to large corporations. Thier rules and regulations regarding bad credit will be less stringent and they will likely be more willing to negotiate. Also, in that situation, you can offer to do repairs and improvements on the property.

7) Landlords want to know that you are stable and trustworthy. Therefore, provide them with a list of references - people who can vouch for that.

8) Offer to give landlords a tour of your current living space so that they can see how well you take care of a property.

9) When touring the property and meeting with your prospective landlord, dress professionally and be friendly and open. You will probably hear “no” a lot - don’t let that affect your attitude!

10) Lastly, you can look into an apartment sharing or sublet situation. Also there are professional management companies who will rent an apartment for you with their corporate credit (for a montly fee) provided you have stable employment.

Best of luck!

FOR MORE IN-DEPTH INFORMATION ON RENTING AN APARTMENT WITH BAD CREDIT, SIGN UP BELOW. WE HATE SPAM, TOO, SO YOUR INFORMATION IS SAFE WITH US!


Name:
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