How Do I Get an Apartment with a Bad Credit Score Caused by a Foreclosure? – Episode #50
August 6, 2008 by awjolls
Filed under Episodes, Foreclosure
A foreclosure can have a significant impact on your credit score. Plus, you need a place to live after a foreclosure. So how do you get an apartment afterwards?
Apply similar thinking to a secured credit card where you deposit funds to gain credit. Landlords are trying to avoid risk, and you look risky if you’ve had a foreclosure. Offering more money in a deposit or upfront rent may help close the deal.
- Offer the landlord a larger security deposit
- Offer to pay 2-3 months rent up front
Please don’t offer things to sway them from performing a credit check. Be authentic, tell them of your situation and make a good faith offer that protects their risk. Lying will only back to haunt you later.
Learn more about Apartments and Credit Scores.
