Yes, it may affect how much of a deposit you have to put down. Also it is better if you credit was bad and you are current with your creditors now. Also, if there was a reason for the problem (medical, past loss of a job etc.) put that in a "To Whom it May Concern" letter to accompany your rental application. The decision is still a personal one. It does not hurt to meet the decision maker, hand in the application and look the person in the eye to show your sincerety.
May I wish you the best.
Arizona Homes and Land
When considering an applicant, I look at rental history for past 5 years (this is a big one), criminal background, employment history and credit.
As other mentioned, the reason for bad credit is a big factor. When submitting an application provide a brief cover letter of explanation of credit issues. Also go to AnnualCreditReport.com and get one of your free reports. Either attach this to your application or at least show it to the landlord so that they can verify the details of the credit issues.
If you just are just avoiding all creditors, you will have a had time renting. There are still a couple of options. Offer to put up a large security deposit. In Arizona, landlord can only ask for 1.5 times the monthly rent in prepaid rent and/or security deposit. However, you can voluntarily offer more.
The other option is to keep applying until you find a landlord that does not care about credit. In this case, you will probably have to seek out hard to rent homes such as homes in less desirable areas.
due to my son being born 2 months early.
I do have steady income. I need a realtor that will work with my credit.
With no offence to anyone reading this. I don't have time for games.
I need a real realtor that will work
The KUHL Team
your Phoenix Real Estate Source at
Buy and Sell Smart Realty
Carlos J RamÃrez, PC
Broker/Realtor, ABR, CNE
Certified Negotiation Expert
You have received great answers below. The answer is yes you can. You might find it easier to rent from a private owner and may be required to provide additional rent in advance in lieu of your credit. With the economy and housing market, most owners understand they are not going to have a tenant with perfect credit.
Best of luck!
Deborah Griffin, Realtor
HomeSmart International, Scottsdale
The landlord is more concerned about income; will you be able to pay the rent?
I recently had a client who was under the impression she could only rent an apartment because she had â€œbad creditâ€, turns out, she had one minor collection and was able to move into a home.
David Cooper! Las Vegas Real Foreclosure Investor and Buyer's Agent Bank Owned REO with Huge Cash Flow. For a FREE daily list email: email@example.com or Call +1-7024997037
You can also buy a house with bad credit. You don't need a hard money lender. You need cash. Borrowing is another story.
Best of luck!
What are the reasons for your bad credit? What is your rental history? Are you willing or able to correct some of the issues on your report? Can you provide a good security deposit?
Carlos J. RamÃrez, PC, ABR, CNE
Associate Broker/Realtor, HomeSmart -