can you rent a place even if your credit ratting isn"t that good and you have a loan?
338135
Direct answer to your questions is, "Yes".\nHowever, lower credit rating and outstanding debt will limit you in where and what type of property this person can rent.\n\nThere are a number of factors that goes into renting a property such as;\n- type of property, \n- monthly rent,\n- expected income stream and level of tenant, \n- monthly loan payments,\n- credit rating,\n- tenant's personality,\n- number of dependents, etc.\n\nSo, just because you have a not-so-good credit rating and a loan, it may limit you in what type of place you could potentially rent, but it will not eliminate you from renting a property itself.
245758
Yeah, it sounds like you are in a tough credit spot.\n\nThe reason for the checks is that it will verify that you have paid rent, and paid on time.  Certain banks are very specific about this... unfortunately, most people have a tough time getting this information.\n\nFor the checks, I'd ask if they will accept a private VOR, verification of rental.  This like the check will verify your payment history.\n\nAnother option depending on your score is to look into my community mortgage options.  This is a way to get the higher LTV for 1st time buyers and will not raise your interest rate even if you are lesser candidate.  The mortgage insurance is offered at a significant discount.\n\nIf your credit score is above 580, ask your Loan Officer about the specifics.  You can still do this with a conventional program.
1157254
You might want to try to rent from a private owner...usually these people dont do credit check..but if they do you might have to get a co-signer or pay a few months ahead of time
415563
I have horrible credit myself and couldn't even get a credit card. However, I could buy a car at one of those buy here pay here places that does in house financing. I have the payment taken directly out of my checking account and I'm sure once I pay off my Cadillac, my credit will be somewhat ok. The interest rate sucks but it is well worth it to repair my credit. If I don't I will never be able to buy a home. Even try one of those rent a center places.
480345
No, leasing or paying rent does not benefit your credit or Fico score in anyway.  Only if you do not pay does it get reported & then negatively impact your credit.  If you do not have a score or have a low score, there are many loan programs out there for this.  I would recommend you contact a mortgage co./brokerage (not a bank) since they have access to several hundred programs & can keep trying to help you.  If you want to imprve your scores you should paydown debt.  Or establish new good accounts.  For example you can go into your bank & open a secured credit card.
1039743
being thru this before i will tell you that its really hard to find anything with this on your credit report the best thing to do is pay off the lease and try to find a private owner that doesnt do credit checks or network with your friends and family to see it they know someone looking for a tentant or roomate
314170
The landlord/property manager wants three things of a resident: 1) pay the rent 2) treat the apartment well 3) be a good neighbor.  Sometimes I have thought someone could do all three but had a credit problem. We solved it by getting a co-signer who had beautiful credit or by making additional deposits. Sometimes I also promised to turn in a good credit report if they paid as agreed. Good landlords and good residents deserve each other.\n\nLeigh \nhttp://www.LeighMaynard.com
1018869
Try to find a rent to own. My husband and I had bad credit and wanted our own home. \nWe looked in our daily local newspaper and found a 3 bedroom -2 bathroom ,2+ acres and all we had to do was sign the lease and give a 1000.00 down and we were in.\nA lot of rent to owns don't do a credit check. \nWe pay 640.00 a month and that includes insurance and water.\nWe pay 200.00 a yr in taxes. We have now been in our home 1 yr and loving it!
568872
If you have the money, you may be able to find a place to requires a substantial security deposit that will fit into your scheme of things or if you have the ability to make a payroll allotment (which ensures the renter you will pay on time) this may be an option.  Good luck, shop around and do not give up.
464183
I do loans for people with bad credit all the time- and some are really bad.  Your best bet is to have a mortgage professional review your credit, income, and savings and they will be able to tell you what you qualify/ or not qualify for.
982090
Yes, you can by  asking the credit bureau, the best thing is \napply for a credit card if they approved you it means you do have a good credit and if not it means you have a bad credit.
134346
all i can say is be honest. Explain that your credit history isnt the greatest but point out that you have always paid your rent.Some landlords will be understanding. A good work history is always helpful; as well.
99586
Not exactly if you are renting. If you can prove that you have a regular source of income such as paystubs, etc, you should be good to go.\n\nBut if you are buying.. it will impact ur ability to seek loans
579597
You can almost always get a home loan, no matter how low your score is.  The lower the score, however, the more expensive the loan will tend to be.\n\nHope this helps!
1035617
Be up front and let them know that you have outstanding debt and how you're taking care of it.  Honesty, surprisingly, blows them away.  \n\nOffer to pay a larger deposit, right off the bat.  State you understand you do not have great credit and that you're taking steps to rectify that, but that you're willing to pay a higher deposit to make them more comfortable.\n\nTake a look at your credit report too, there are lots of free programs.  Make sure all of it is truly yours and that there are no duplicates.  Have answers ready so when a potential landlord pulls your credit, you can explain the mistakes and inconsistencies and show them you're pro-active at the same time!  Good luck!!
447746
My boyfriend and I recently applied for an apartment together. He had decent credit, but I had none at all. We were still approved for the apartment. It not only depends on your credit, but your income as well. A lot of places have a minimal annual income to ensure you'll make enough to pay rent. If your bad credit prevents you from getting into an apartment, have just her name on the lease, or have someone with good credit co-sign for you.
208341
If you have a primary and one rental, the cheapest financing you will get is still in your own name. Getting financing in the name of a business, or coprpration is very difficult and expensive compared to you personally...Mainly bucause this new business will have very little income, assetts, no credit, etc. A plain residential loan in a persons name...banks like much more... I am of course a lender...a green lender.... email me if you have any more questions. joel@rcbaral.com