Our credit scores are analyzed in almost situation which will involve finances including when we are 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. 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. But it is possible for one to rent a house even when they have a poor credit score and here are ideas on how to rent a house having financial difficulties.
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 one could not secure a house to rent due to the comprehensive check which is mandatory with some landlords they can enlist a friend with a better credit score which may change the mind of 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.
It is also advisable that one is straightforward with the landlord from the start where you can provide information about your credit situations thus building trust. Whether you are meeting the landlord in person or you are applying through a rental application, it is advisable that you mention your financial status and in doing so one needs to be honest. Most individuals find themselves in difficult financial situations due to factors they couldn’t control such as sudden job loss or sudden medical illness. It is better to inform the landlord in advance rather than let the find out on their own.
One may also promise to pay up front where one may promise 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 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.