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How To Rent With Bad Credit

There are moments when you might be looking to rent an apartment in which you can live, but you have a bad credit history which might lead to the landlord being reluctant to give you access to his or her premises for fear that you might not pay the required expenses, making them run at a loss. In most instances these house owners have valid reasons to want to decline your request to rent their house after looking at your bad credit history because they do not want to risk getting themselves into an occasion where they are not able to meet their own goals because you did not pay them in time. Having petitioned for bankruptcy in the recent past is also one of the things that will put a house owner in a difficult position to allow you to rent his house because they are not even sure that you have enough money to pay rent and most of them will not accept your request after finding out about your financial situation.

You can make the landlord accept your request to rent their apartment by providing some cover for them that will make them feel more confident in your ability and willingness to pay rent despite your bad financial situation. The first thing that you can do is to get a close friend who is in a better financial position to co-sign the lease with you before being given the apartment because the landlord is assured that in the event that you fail to pay the required rent then they can demand that the co-signer handles the expenses on your behalf, and therefore they are sure of not going into a loss.

Secodly, you should open up about your financial hardships at the time of negotiating for the apartment instead of waiting for the house owner himself to start looking at your credit history and find out about your bad credit. When you are straightforward with your landlord about how your credit is in bad condition, he is in a good position to trust that you can also be honest about your plan to pay rent in full but in good time and therefore it increases that chances of being rented the apartment.

Thirdly, you can also partner with another individual who has a good financial record and with no major debts to rent the house with you and be paying monthly rent together. The fact that your partner has a good credit history will make the landlord to overlook your bad credit because he knows that in case you do not pay rent then the partner will pay to maintain his positive credit.

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