RENTING WITH BAD CREDIT BUT HIGH INCOME
Are you looking for your dream apartment? If yes, renting one can be a tough nut to crack most times. It does not even help to have a bad credit score as it can be a major drawback. First is your credit scores, and credit judgments, then your past evictions and your broken lease history. These are the areas any landlord will scrutinize you as a renter, to determine if you are reliable or not.
In a case where your credit report has a flaw in any of these areas, to get that apartment will probably require that you make extra moves. Thankfully, we have given certain tips below that will help you figure out the surest means of renting with bad credit but high income.
1. Get Your Credit Report(s)
Credit reports from any of these four prominent bureaus s great. But, we will advise that you get from all of them. If not all, at least from Experian and RentalKharma. These two are mostly preferred by most landlords, even though getting all four will put you in a great position for the lease.
What if you are not so buoyant financially?AnnualCreditReport.com. can get you free credit reports from all of these bureaus.
2. Go For Apartments Without Credit Checks
Getting a landlord ready to leave out credit checks might not be easy. But, this is a safety tip, since you do not want to get yourself into any rental fraud. So, ask that everything be in writing and ensure everything is verified before you append your signature.
3. Submit Reference Letters to Your Prospective Landlord
Your reliability as a renter is not solely hinged on your credit score. So, even when you have a bad credit score, you can prove to your prospective landlord that you are stable financially by submitting reference letters from your former landlords especially.
4. Give Evidence of a High Income
With two to three times the rent as your monthly income, most landlords will be ready to lease their apartment(s) to you. Even with bad credit, a high income that can ably cater for the rent,and more will be a major boost. Compile copies of fresh receipts and statements from your bank and present them to the landlord.
Without doubts, renting with bad credit but high income is very possible once you follow these four steps above. We look forward to the great news of you moving into your dream apartment very soon.
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