How to Find an Apartment With Bad Credit

When you apply for credit, potential lenders look for certain things in your credit report in order to assess the risk you present as a borrower. Landlords have a somewhat different set of priorities. When a landlord sends your information to a tenant checking service, your rental history is checked as well as your credit record. Most landlords place more emphasis on rental history. For many people this makes it much easier to find an apartment with bad credit.

Instructions

1

Know what landlords look for when they check your credit. Most will accept a low credit score if there are other factors in your favor like a rental history with no serious black marks. If you have been evicted within the last three to five years be prepared to explain why. The reality, however, is that many landlords will not rent to someone with an eviction record.

2

Avoid preventable problems. If you have any rent in arrears with a current or previous landlord, pay it. Do not break a lease and be sure you give proper notice that you are moving.

3

Look for apartments rented by individuals rather than apartment rental companies. It's not uncommon for someone renting out a single apartment or with just a few units to skip the tenant check. Some caution is in order, however. Many such apartments are located in neighborhoods you may not want to live in.

4

Arrange for a co-signer on your lease if possible. A family member or friend who has good credit may be willing to help you out if you can show them you are able to meet the financial commitment of renting an apartment.

5

Make sure all your creditors are paid up to date. If your credit report shows you are now current on all your bills and handling your obligations responsibly it makes a much better impression and improves your chances of finding an apartment with bad credit.

6

Be prepared to pay a larger than normal deposit if you have a recent bankruptcy or record of slow payments on your credit report.