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Can I Rent a Home if I Have a Low Credit Score?

Trying to rent a home can be a difficult, especially if you have a bad credit score. The landlord of the house is ultimately who decides if you can rent their property or not so how much your credit score affects your ability to rent is very dependent upon the opinion of your landlord. If the landlord views credit scores to be extremely important and reflective of if you will pay them the rent each month, it may be harder for you to rent from them.

Even if they do depend on scores, there are some simple tips you can follow to optimize your chances of renting.

  • Offer to pay upfront. Getting more money upfront for the rent is an appealing idea to a landlord because it shows that you will have the funds to pay for rent in the future.
  • Get a recommendation from a previous landlord. Having your old landlord vouch for you helps prove that you not only paid rent on time but were a good person to work with.
  • Get a cosigner. Having a cosigner often puts landlords at ease by knowing there is an alternate source of payment should you ever be incapable of producing the monthly rent.
  • If nothing else works, try and avoid a credit check altogether. There are some landlords that simply do not care about credit scores. These people tend to ad advertise in cheap ads or free newspapers.

Some landlords, however, do not place much importance on credit scores. In the end, landlords are searching for people to fill their vacant home and if you prove to be the right candidate and have the ability to pay, you are likely to be able to rent from them despite your score. Although it is clear that your credit score does affect how easy it is to rent, there are still many people who are willing to rent to those with low credit scores.

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