Getting a Rental Without Perfect Credit

Getting a Rental Without Perfect Credit

If you have less than perfect credit, or no credit, you might have no doubt questions or concerns about being approved for a rental home.

While it won’t be easy, there are some things you can do to help improve your odds. 

What it boils down to is: Setting your landlord at ease.

The landlord wants to be comforted knowing that you will:

  1. Keep the home clean/in good shape
  2. Pay the rent on time. Not a day late, ever.
  3. And to a slightly lesser degree, not cause any nuisances.

If either of these are ever in doubt, regardless of your credit score (450 or 800), it won’t make much of a difference.

How to deal with it? Come prepared with something to keep him comforted… you might try:

  1. Offering references (From someone at your work, bank, etc. Not a friend/family member.  
  2. Letter of employment confirming how much you earn, and how long you have worked there.
  3. A copy of your credit history (in advance), ie. from credit karma. 
  4. A letter explaining why you have bad credit. NO excuses! Better to explain that you were once bad with money and now you’re learning – and ideally, some examples of what you’ve achieved.
  5. Offer a co-signer if you have one. This can be really helpful as well.
  6. And as a last, but not least, always attach a single photo of you and the family members (and pets) that will be living there.  Photos go a long way.

P.S> You might also read my blog post: 7 Important Things to Know about Your Credit Score and What You Can Do About it

Best of luck to you!

-Rick

Photo by Daria Shevtsova from Pexels

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