Right now, it would be the right time for us all in the rental and renters community to truly have Congress and the Federal Crediting Act agencies to reevaluate the effectiveness and efficacy of credit reporting rating in general that ties into the qualifications to rent or not to rent; so, in that way, innocent people would not and could not get hurt nor injure by the flaws and distortion of credit report rating whether a personâ€™s is in good or bad credit reporting rating!
Thank you very much, my fellow human beings for acknowledging, comprehending, and digesting the nature of the chaotic and flawed credit reporting rating!
First of all, compile your most recent monthly rents that you have paid---which showed in your bank statements. Try at least 5-9 months. Then, show this to the landlord or rental agent!
So, in that way, the landlord or rental agent has â€œauthentic evidenceâ€ that you could and have paid your rent and that you are a reliable tenant and will be reliable tenant in your new residency!
Secondly, the landlord does not need to spend time, energy, and resources on wasting its own money and resources on running your credit card history or credit file which is not significant nor proof that you are or not a good tenant!
Thirdly, the fact that landlord or rental agent using credit history to illustrate a person to be a good or not a good tenant isâ€ no longer appropriate, honorable, or desirableâ€ because despite a person can make rent on time, it never meant that this tenant is being a respectful, prudent, and appropriate tenant in terms of â€œnot doing or intentionally doing things to disturb, destruct, and violate the residents around this tenant!â€
Therefore, the requirement of a personâ€™s credit file to be able to rent a home is totally unauthentic, inappropriate, and obsolete! This requirement of running a credit history file on the renter is something that the FTC needs to acknowledge, assess, and restructure for the interest of justice, ethics, peace, wisdom, order, and honor and for humanity as a whole!
I will work with FTC and related representatives on this new proposal!
I wish you the very best!
The best thing you can do when you're trying to rent and don't have the best credit is to get a stong co-signer.
You can also offer to pay extra on the security deposit along and/or a couple months rents ahead of time.
If you can get your current and/or prior landlords to write referral letter for you, excellent!
Do anything you can to show your financial security or high income: If you've been employed a long period of time with the same company show that, if you have lots of assets or money in the bank show that as well.
Write a letter and let them know how and why you got into the financial hardship that causes your credit to go sour, maybe they'll understand.
I hope this helps and please contact me if you have further questions.
-CathyHong 'putting you right at home' email:CathyHong@me.com