Have a letter of explanation prepared and ready to go. Focus on the facts and that you did the best you could in the situation. Be prepared to provide an extra security deposit, a cosigner and copies of your income statements proving your ability to pay.
You may also want to look to rent something that is well below your means. Good luck!
Sorry for your situation. Others mentioned that you might wish to consider offering more for a security deposit for a different rental unit. Please, know that there might be state laws in place where a landlord can only collect so much for a security deposit. I know that in my state two months security is the maximum for people under 62 years old. You might wish to consider having a relative with a high credit score act as a "Guarantor" on a new lease. That means that if you are unable to pay the rent then your Guarantor would be responsible for it.
Your situation is a legal one so consulting with an attorney is your best option.
Good luck to you!
Prudential Connecticut Realty
I do not agree with Joseph Schiller's analysis and conclusion. Joseph, don't you think you are being presumptuous to assume that because someone has low credit scores that they do not manage their money well?
There are many circumstances in life that can cause one to experience low credit scores that are beyond the control of the individual. It does not necessarily mean that they do not manage their money well.
Sohail A. Salahuddin | Group Founder
Innovative Property Consultants Group | Sales and Leasing
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It will hurt you, but you can offer them more security, etc. to make your case look better. My other advise is get your credit score up. With a better credit scores and less deliquencies, it can only help your case.
Sounds like you are in a tough place. The rental market is very competitive, you will need to offer additional security deposit or pay for 6 months or a year in advance.
Your best bet might be to contact friends and family to see if anybody is looking for a renter.
Best of luck,