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How do i rent a house with bad credit

how do i rent a house with bad credit

1 Answer

A quality landlord is going to run a background check on you. Most quality landlords aren't going to rent to someone with a credit score below a certain threshold. This isn't to say that all landlords are going to skip over you, or that a landlord who doesn't run a background check is a bad one.

You say you have no credit. Do you mean you have a low credit score or you have zero credit history?

A low credit score will most likely keep you out of the better properties. No credit score may allow you in with a co-signer.

I am going to answer the rest of this as though you have zero credit history, and therefore no credit score.

Start to build your credit history with a credit card. A secured card is one where you send a certain dollar amount to

the bank, and in return, they give you a credit card with a limit equal to the amount you sent. They send a bill, like a regular credit card, and when you pay it on time, you start building your credit. After you have a history with a secured credit card, apply for an unsecured one.

The key to using credit responsibly is to only charge what you can pay off at the end of the month, or emergencies that you pay off as soon as possible.

You don't have to be rich to have a high credit score, and you don't have to be poor to have a low one. The credit score range is 300 - 850. Shoot for 750 or higher. Making on-time payments is the best thing you can do for your credit score.

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Category: Credit

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