Hopeful renters with less than stellar credit histories may find themselves coming up against roadblocks in their attempts at finding housing. Property owners and apartment complexes routinely run credit checks on applicants; credit histories marred by bankruptcy, foreclosure, and public liens are usually the first to be screened out. If you’re one of these people, take heart. You always have options.
Consider asking someone to co-sign on the rental lease with you, bearing in mind that if you should happen to default on rent, or end up being evicted, the repercussions for your co-signer could be severe. Although you may have only the best intentions in mind, your co-signer should be aware of the risks before entering into the agreement.
Next, you’ll have to find a property owner or apartment complex willing to allow a co-signer on the lease. While there’s no law stating they can’t refuse, this typically isn’t a problem. Remember, apartment complexes are in the business to make money. Since their decision to take you on may be influenced by their need to fill apartments, restricting your search to those with a greater number of vacancies will improve your chances even more. If your search finds more vacancies in apartments in East Cincinnati as opposed to West, begin your search there. You may find that, while getting an apartment with bad credit may require more work, it’s certainly not impossible.