Renting an Apartment Before the Eviction Appears on Your Credit Report
The actual eviction may not show up on your credit report for a few weeks, depending on how evictions work in your state. If you apply for an apartment before the eviction is updated on your credit report, you have a better chance of getting approved. (Late payments preceding the eviction are likely to appear on your credit report.) Timing this is difficult because most people don’t realize that eviction is imminent until it happens.
Protecting Your Other Credit Accounts
Minimize damage to your credit score as much as possible by continuing to pay all your other accounts. You may be able to explain the eviction; for example, perhaps your interest rate was adjusted, and your payments became unsustainable. It’s not easy to convince a landlord to rent to you if you have an eviction and a history of multiple late payments. Don’t give up on your credit score just because an eviction is in progress.
Earning Enough Money
Most landlords want to avoid troublesome tenants who pay late, especially those who eventually have to be evicted. You need to earn enough money to easily cover the rent and other monthly expenses.
Looking for Apartments Without Credit Checks
Large apartment complexes usually have owners who enforce strict approval standards. You are more likely to undergo a credit check in one of these complexes (and be denied if you have an eviction), so don’t make it your first choice.
Paying a Higher Security Deposit
Money talks. If you can pay a higher security deposit, it may help you get an apartment. Offering the landlord a larger security deposit lets them know you are serious about paying the rent.
Finding Someone to Co-Sign for You
You may be able to get approved for an apartment, even in one of the large complexes if you have someone to co-sign for you who meets the credit requirements. Remember that you, along with your co-signer, will be responsible for any unpaid rent or damages to the rental unit when you move out.
Don’t Lie About Your Eviction
The “don’t ask, don’t tell” philosophy may seem like a good approach when it comes to renting after experiencing an eviction from your home. However, lying about this event is more likely to cost you the opportunity to rent an apartment. If asked whether you have an eviction in the past, be honest. Explain the situation and focus on how you’ve improved your financial standing. Make sure the landlord understands that what caused the eviction won’t make you late on rent payments.
Source: https://www.thebalancemoney.com/how-to-find-an-apartment-after-foreclosure-961001
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