Stop Letting the Past Dictate Your Renting Future

Your past can have a real impact on the renting opportunities you are afforded in the future. Everything from a history of late payments to leaving apartments in bad conditions to even having a bad credit score can stop you from renting your ideal property, regardless of whether you can afford to or not.

There are ways to stop your past from dictating your renting future, however. Read on to find out what you can do.

Fix your bad rental history

Some landlords will look past any uncouth behaviour on your part in regards to your renting history, but most will not. If you have been handed an eviction in the past thanks to failures in payment and/or general irresponsible behaviour within your rented accommodation, more often than not, landlords will not look twice at you when they seek to let their property.

You can’t change your past, but you can go some way to fix the mess you’ve gotten yourself into. The first way is to have somebody co-sign your rental agreement. This co-signer could be your parent, your sibling, your friend or absolutely anybody at all that can vouch for you and has a positive and responsible renting or home owning history of their own. Or, if you don’t know anybody that could co-sign for you, you could max out the security deposit being asked for by your potential landlord — this will provide him or her with the financial blanket they need to cover any missed payments on your part in the future, and that will help them to trust you as a result.

Renting with bad credit

Having a bad credit score or rating is not the death sentence it once was in regards to renting. To overcome it, you just have to be honest with your landlord in regards to your history, and you have to show him or her that you are seeking to make progress in regards to your money management skills.

Bad credit isn’t a death sentence in regards to funding opportunities, either, so if you need to stump up a bit of extra cash to finance your next renting opportunity, then rest assured that you can do so. Specifically, because there are loans out there that are designed for people with poor credit, such as the incredibly helpful New Horizons very bad credit loans, you can get the cash injection you may need to put your deposits down.

Of course, the best way to live with a bad credit score is to actively try and change it! Home owning is not for everyone because some people are just much more comfortable in the world of renting. If this is you, then you rent, no matter what anybody or anything says! Your parents may think it’s time that you got on the property ladder, but if you don’t think you’re ready, don’t do it.

Your rental history and credit score may say you’re not capable of being a tenant, but you do all you can to fix your past problems and you go out there and prove to your next landlord that you can be trusted.

Thanks to Christine

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