Me and 3 others are planning on renting a house, but the landlord is doing a credit check on all of us, i know I have bad credit, but the other 3 don't, we all work full time and are only going to end up paying 300 a month each for it, what are the chances he would over look my credit and let me put my name on
Me and 3 others are planning on renting a house, but the landlord is doing a credit check on all of us, i know I have bad credit, but the other 3 don't, we all work full time and are only going to end up paying 300 a month each for it, what are the chances he would over look my credit and let me put my name on the lease with everyone one else
How bad is bad? What are your references like? How long have you had your job?
Do you believe he is in business to lose money?
it may be that he will be satisfied with the financial status of the other two and you won't need to be on the lease
however this also might be a problem if the landlord will not accept subletting which is what your situation would be if you are not accepted
if this is a major move for you let's hope he will accept your current income source and not consider your credit report
The could still are end up in the White House. FreeView from on like that for a bit, but it doesn't get any better.
You might be OK, but its their decision….no way to tell.
Depends on the landlord, could ask you for you to find someone to guarnatee you, could ask for 3-6 months rent in advance, they could rent to the three with you just named as living there but not signed on the contract
if the others could support the rent on their own, you have a decent chance of getting approved.
Honestly it's really up to him, but I think you will be fine. The credit check is not everything. He is also looking at your (the groups) income and how long you have been at your jobs and any past references pertaining to rental history if you provided it (If he requested any). Now If you were trying to get into a large apartment complex, or if your landlord was going through a property management company to vet prospective tenants then you might need to worry, because they typically have a minimum set score applicants need to have to qualify, but it sounds like the landlord is doing his own property management so he is the one to approve or deny you. Good luck hope you get the place, I think you will.
Sure, you could still get it. Most landlords would be happy to rent to a group of adults if 3/4 of them have good credit. You would still be listed on the lease and still be legally responsible for rent & damages.
I don't know how many other people applied for the house or what their credit scores look like or what amount of risk the landlord is willing to take on, so your guess is as good as mine on whether or not you'll get it.
had a similar situation recently (fortunately house in question is actually owned by the agency so we were able to make the decision easily) Put three good tenants on the lease and 'ignored' the fact that the fourth with bad credit is living there. It is the other threes responsibility to ensure he pays his part of the rent to them – we haven't had a single problem with them!! They are looking after the property a treat, have decorated it all (well) done a great job of the garden ….
I digress – can you offer to pay perhaps six months upfront (of your share) so long as your earnings cover your portion of the rent? It only becomes a problem really when the landlord has legal/rental warranty/insurance.