Renting an apartment is never easy under the best circumstances. When you have troubled credit, it becomes much more difficult. But it isn’t impossible as some people might have you believe. In fact, people with troubled credit rent apartments all the time. Unlike you, they know the tips and tricks to renting the best apartment even though their credit score is less than ideal.
In some cases, it’s best to work with a professional real estate agent when your credit score is down in the dumps. They live and breathe real estate, so they’ll know exactly where to send you to find the right apartment or home to rent when your troubled credit score is creating problems.
In other cases, you’ll have to learn things to do and things to avoid to discover the perfect place based on your budget even when your credit score isn’t at its best. Believe it or not, you even have a shot at moving into the gorgeous La Villita apartments in Irving TX that you’ve had your eye on even with bad credit. To begin searching for the perfect Irving apartment for rent, please visit this website: https://www.umovefree.com/Neighborhood/la-villita-apartments-irving-tx/.
With that said, please use the following tips to learn how to find and rent an amazing apartment even when you have troubled credit.
Tip #1: Run Your Credit Report with All Three Credit Bureaus
Before completely giving up on your credit score, you need to run your credit report with all three credit bureaus. They are TransUnion, Experian, and Equifax. Why? Believe it or not, there may be minor or major errors keeping your credit score down in the dumps. So it’s best to look over these reports thoroughly and see if there are any issues that need to be fixed.
Plus, it’s critical to know what potential landlords are about to see because they will run your credit report as well. They look at more than just your simple credit score. They’ll look at your outstanding obligations, your past credit history, your history of evictions, and whether or not you pay utility companies and landlords on time.
All of these factors add up in the eyes of potential landlords considering you for an apartment. If you can clean up your credit report ahead of time, you’ll have a much better chance to prove you’re a reliable tenant.
Tip #2: Focus on Looking for Apartment That Do Not Require Credit Checks
This might not be the easiest thing to accomplish, but it’s possible to learn about and look for property management companies and landlords that do not require credit checks. If you can focus on renting from these property owners/landlords, you’ll have an easier time of being accepted as a tenant since they’ll never learn about your negative history or poor credit score.
Be careful when renting from landlords that do not verify your credit. It’s a potential red flag for rental fraud. You’re in a tough enough situation as it is financially so the last thing you need is to get scammed out of your hard earned money from a rental fraudster.
Tip #3: Provide Glowing Reference Letters and Letters of Recommendation to Your Future Apartment Landlord
You may not know this, but positive reference letters and glowing recommendations go a long way in the eyes of potential landlords. These letters will help establish that you are trustworthy, credible, and a worthy tenant that they can feel comfortable renting to.
The best people to get reference letters from are current and former employers, previous landlords, and other high status individuals. If you know a local celebrity, it certainly doesn’t hurt to have them write a reference letter or recommendation on your behalf.
All in all, the goal is to prove that you are financially responsible even if your credit report reflects otherwise. People run into financial trouble from time to time but it doesn’t mean they are a deadbeat. These reference letters will help prove that you are someone worth taking a chance on.
Tip #4: Prove That You Have a Stable Income To Rent An Apartment
The best way to make your case is a worthy tenant as to prove that you have a stable income and share this information with your potential landlord. In fact, if you can show that you make two or three times the amount of your monthly rent your landlord will see that you can definitely afford to rent their apartment.
As an example, if you are renting an apartment for $1000, and you take home $3000 per month, and your other expenses are low, you can show this to your potential landlord. He or she will see that you can easily afford to rent their place and you’ll look like a much better choice even if you do have a negative credit report.
As you can see, it’s difficult but never impossible to rent an apartment even though you have troubled credit. There are ways around your poor credit score and negative credit report. In fact, we shared four excellent tips with you above. Please use this valuable information to your advantage and you’ll have no trouble renting a new apartment in no time even with your poor credit report and low credit score.