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Looking On The Bright Side of FInances

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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. They are usually justified in this because they are always careful not to do anything that might hurt their business and get them into debt as well due to unpaid house rents while they also need to settle their bills from the money. Another reason that might make it difficult for you to get an apartment for rent is when you have previously filed for bankruptcy, and the landlord finds out because this will show them that you are not in a very strong financial position to pay for expensive things such apartment rent.

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. The good thing about not hiding the fact that you are currently not in a good financial position to the apartment owner makes him look at you as an honest person, and they can, therefore, be interested in renting you the house if your plan to get money in time and pay rent looks credible to them.

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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