WHAT IF YOU HAVE BAD CREDIT BUT CAN PAY YOUR RENT MONTHLY?

Asked by JENNIFER, Tampa, FL Fri Aug 23, 2013

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5
Lynn Brock, Agent, Sarasota, FL
Thu Sep 26, 2013
Jennifer, If you have bad credit and can pay monthly rent. Find a landlord willing to work with you.

Spend your money wisely and hire a credit repair company. Work closely with them during your lease period and get your credit cleaned up. This process will take at least a year.

Best regards,
Lynn Brock
Brock Realty Inc.
941.313.1234

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Stephanie Fa…, Agent, Tampa, FL
Sun Aug 25, 2013
As the Broker of a Property management company, you will be asked to pay one extra month's rent if you have bad rental history. An eviction is questionable whether or not they will rent to you. If you have a rental balance showing on your credit report, you may also ask to settle or pay and show proof. Your income must be 2.5 times the rent.
0 votes
Karen Peyton, Agent, Chandler, AZ
Fri Aug 23, 2013
"Bad" is in the eye of the beholder. An eviction is usually "the kiss of death." Bad credit will definitely cause the property manager or owner to scrutinize your income to rental payment ratio. If that's good and you can easily pay, you may be asked (or want to offer) an advance payment of rent.
0 votes
Alan May, Agent, Evanston, IL
Fri Aug 23, 2013
Lenders and Landlords use the credit report to determine whether or not you take your bills seriously. A bad credit score is a strong indication that while you might be able to pay your bills monthly... you haven't been in the past.

So maybe you CAN pay your rent monthly... but your credit history doesn't support that claim, as far as the lender and landlord... who DON'T actually know you, can tell.

Your credit report/score is a valuable asset and worth protecting. There are many times when that credit report will come in handy, and it's value is increasing every day.
0 votes
Randy Adkins, Agent, Tampa, FL
Fri Aug 23, 2013
We may be able to help you .... Sometimes you may just have to pay a larger security Deposit .
Call my office line at 813-321-2123...
Lets see what we can do.
0 votes
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