Credit Check Mortgage
I will be moving and will need to rent an apartment, the
problem is I have horrible credit and am not sure if anyone will rent
to me. I had $5000 in credit card debt that I recently paid off, so I
have all outstanding debts taken care of, but my credit is still bad. I
was thinking of getting a secured credit card to help my credit, but on
my report it still shows credit cards that went to collection that I
did recently pay off, but it does show that I failed to make on time
payments and had collection issues. I would like to get an upper scale
1 bedroom for about $800 a month, but if I can't pass a credit check
then who would rent to me? Do I need good credit to rent an aprtment? I
understand that there are under the table and private parties that will
rent without a credit check but those are few and far between. I know
one option is to get a room mate with good credit, but I want to live
alone.Any advice?
You might be surprised how many mom and pop landlords have people
fill out the credit application and never follow through.
By the way, a property manager once told me that if you are
screening a prospective tenant you should not only check the current
landlord but the previous one. If the current landlord wants to get rid
of the tenant (causes problems short of things being grounds for
eviction,can raise rent higher on vacant unit) they might praise the
person hoping you will take them. On the other hand the previous
landlord might be more honest.