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Jubee, Other/Just Looking in Tucker, GA

if i have a good job but my credit stinks from identity theft what can i do to lease a house?

Asked by Jubee, Tucker, GA Sat Sep 10, 2011

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Dear Jubee

Here are three ideas that may help you convince a potential landlord that is apprehensive about your credit:

1. Write a letter of explanation describing your situation. If a landlord is borderline on making the decision on approving you as a tenant...the letter of explanation may just do it. It is very different to just see a credit report (cold) than have a accompanying explanation concerning derogatory items.

2. Provide extra advance rents and/or security deposit upfront

3. Provide other compensating factors such as proof that you were never late on previous rent during the last two years. You can show a letter from your previous management company or copy of cancelled checks.

Good luck!!

Milton Knight
Lic. Real Estate Broker | Realtor
SunLife Realtors
4000 Ponce De Leon Blvd # 470
Coral Gables, FL 33146
T: 305-476-1666
F: 305-777-0329
E: FloridaHomeKey@bellsouth.net
W: http://www.SunLifeRealtors.com

Go Green!
Please do not print this e-mail unless you really need to.
1 vote Thank Flag Link Sat Sep 10, 2011
Many real estate professionals that manage properties will review credit details, not just the credit score. As mentioned below, writing a statement detailing what has happened is important. Be honest. In today's credit environment, few people are without problems.

On the other hand, you may do well to find a landlord that is not an agent. Many home owners that have one or two properties they rent out do not review credit issues at all. Georgia law requires you to be honest. You can't deceive the person, but these landlords will be more flexible in renting a space.

You can remove items from your credit reports yourself with a little research. The first step is to get your current reports from the three bureaus. The second is to protest the incorrect or fraudulent items on those reports. You will have a challenging time if any of the creditors the thief used continue to claim you were the rightful owner of the debt.

You should also file a police report early in this process. Landlords can use this report as well in their evaluation. After all, filing a false report is also a crime, so it gives the landlord confidence you're honest.

Best of luck!
0 votes Thank Flag Link Sat Sep 10, 2011
I can get items off your credit report from identy theft. Call me for information on how to do this.
Steve
678-807-0050
0 votes Thank Flag Link Sat Sep 10, 2011
Milton is correct. Also, some agents do not rely on credit scores these days because of all the foreclosures and those people needing rentals. They look at the overall credit and like Milton said, writing an explanation and providing proof of on time payments will help. Good luck.
0 votes Thank Flag Link Sat Sep 10, 2011
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