Friday, September 18, 2015

Bad Credit Doesn't Have To Hold You Back

When you have bad credit, it affects many aspect of your life, including finding an apartment that will rent to you. But a bad credit score doesn’t mean you can’t find a place to call home. You might have to work a little harder at it, but it is possible to find something that will work for you. Trying these points below will help with just that.

Know your credit score - Knowing your exact credit score, and how you got there, puts you at an advantage when trying to rent an apartment. It allows you to be honest with the landlord or company you are trying to rent from and even helps you show the progress you have made from that point. Sometimes a financial setback in life is out of your control and knowing the “whys” and “hows” can help you on your quest of renting a place.

Show a steady income - A bad credit score doesn’t have to affect your ability to work hard and bring in a steady income. Showing your paychecks, bank account statements, and even credit card statements, will help show that regardless of problems in the past, you are capable now of paying your bills.

Get a cosigner – A cosigner is someone who does not live with you but is willing to vouch that you will pay your rent on time or they will be financially responsible for it. Typically the financial requirements for a cosigner are stricter than those for the renter themselves. It’s important to discuss the exact requirements in detail with anyone you ask to be your cosigner.

Be willing to compromise - Sometimes you can encourage a decision by offering to pay a larger deposit, speed up your move in time, suggest a shorter lease or even by paying your first month of rent with cash right there on the spot. There is no harm in putting all your cards on the table to see if one of them might work for you.

No credit check - In some cases it is possible to find apartment complexes that won’t do a credit score check. A great way to have an easier time figuring out which places do this in your city is by working with an apartment locator. Their data base is capable of pinpointing the exact apartments that will do this, and you just might be pleasantly surprised.

If you are ready to find an apartment that is just right for you, regardless of a low credit score, contact us today at 512 912 8000 and see how we can help you! It’s free of charge and will make your hunt for the right apartment that much easier!

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