How to get an apartment with bad credit?
Dec 19, 2009 in
Financial and Loan Tips
runnercaiti1
I am 24, single, pregnant and work two jobs. I can afford an apartment but my credit is bad due to not working for a couple months.
I am 24, single, pregnant and work two jobs. I can afford an apartment but my credit is bad due to not working for a couple months.
I am living with my dad and stepmom right now but I need to get out asap. How can I get an apartment if I have bad credit and no cosigner?
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5 comments
Sarah on December 21, 2009 at 3:04 pm
Unfortunately, I believe you have to come up with first and last months rent and the deposit. You aren’t disqualified, they just need more money from you.
Or – look into low income housing in your area, I believe they have special rules for credit-risk cases.
annynhaBR on December 24, 2009 at 9:20 am
i would recommend by owner, if you go to an apt community most likely they will check your credit, but if you look for by owners a lot of people is deperate to lease their homes because they have been paying mortgage on it. Try craigslist.com or local newspaper.. Trust me it may work. Be honest with them and you can may offer a higher deposit.
Good Luck
see_slik_fall on December 24, 2009 at 11:25 am
well, first, you should check out craig’s list in your local area. thats how i found my apartment. it’s a private owner, i met him, and the next day i was moving in, and i haven’t had any problems. Also, look for a month to month lease, they usually don’t care about credit.
and if you really are dead set on getting out of where you are, call your local YWCA. they usually have 12 or so rooms for single women with or without children, and you can stay for up to 6 months until you find something else.
good luck!!
Archie B on December 25, 2009 at 5:07 am
Offer to pay the landlord the first month’s and last month’s rent. They’ll run your credit, it’ll come up bad, they’ll come out and say, “Uh, your credit is bad.” You respond, “I’ll pay you first month’s and last month’s rent right now.” Then they’ll grin, ask for it in cash right then, and give you an apartment.
Here’s why: If you don’t pay, they can take their sweet time to evict you over 30 days and still have the rent for the last month to cover the time it takes to throw you out. You are eliminating their risk.
Trouble on December 26, 2009 at 8:15 pm
You are going to have a hard time. Even small-time Mom & Pop landlords check credit and references.
Money does not talk. In fact, flashing $$$ at most landlords is a red flag for the landlord.