The reason was due to [a disaster, serious medical condition, death in the family, an inability to obtain the relevant documents.
How to Rent an Apartment with Bad Credit History Updated for shares Looking for an apartment is stressful, especially if place after place is turning you down due to a bad credit history. So, what can you do to rent an apartment when you have bad credit history?
Most landlords, according to http: Having a credit score below can be a problem even if you have a good salary and a clean rental history, that means you have no history of not making rent payments or even late payments.
It should be noted that is only an average credit score that landlords are demanding. Some landlords will ask for a higher credit score and some a lower one. There are 5 things that can impact your credit score: The category covers making your payments on time, tracking any late payments you have made, and if you have filed for bankruptcy.
It measures how much money you owe to others and compares it with how much credit you have available to you. The longer you have been building credit the higher your credit score will be.
This takes into account not only the new lines of credit you have opened but also any applications for new credit you have submitted and over how long this has taken place. Your bad credit is made up of missed payments and outstanding debts.
Both missed payment and outstanding debts stay on your credit report for up to seven years, even after you pay off your debts. For more information visit: This is because renting is similar to extending a line of credit to a tenant.
The landlord is letting you live on their property and trusting you will pay each month. A bad credit report is tangible proof to landlords that you have problems paying the bills you already have.
Landlords, especially those in high demand areas, are likely to overlook the person with bad credit for another who appears more reliable on paper. The landlord who decides to rent to a person with bad credit runs the risk of incurring financial loss.
Softening and Rebuilding your Credit There are things you can do to soften a bad credit report for potential landlords. First thing is to pay off any creditors and ask them to provide letters stating you have paid your account with them in full. When you begin doing this, start with past landlords and utility bills first.
Having unpaid accounts with a previous landlord or utility company are huge red flags to any potential landlord and likely to get your application rejected.
Other red flags on your credit report are: Another thing you can do to soften your credit report is to write a letter explaining your bad credit and what you have done to begin rectifying the matter.An introductory paragraph: On March 4, , John Smith was born to Anna Bradcock Smith and James Smith.
Although certainly not of humble origins, John was acquainted with several prominent and influential men of politics with whom he discussed matters .
How to Write a Late Payment Letter. In this Article: Sample Letter Explaining the Issue Stating your Plan Requesting Forgiveness Community Q&A When making a payment for a bill or a loan, the best thing you can do is to pay on time, every single time. Letter topics for sales, business or personal letters.
Find the letter topic you need for letter writing. One in Five Americans Are Shocked to Find Errors on Their Credit Report. Credit report mistakes can lead to disqualification for mortgages and car loans, as .
A guide on how to rent an apartment if you have bad credit history -- yes it is possible.
What is debt? When you owe money to someone, you are in debt. Owing money is not always bad. You might have a loan. You might use a credit card.