Your Guide to Renting with Poor Credit

Your Guide to Renting with Poor Credit

Your Guide to Renting with Poor CreditHaving bad credit not only affects your ability to purchase large items, but it also affects your home renting application. While it may not be the most ideal situation, having bad credit is not the end of the world. In fact, here is how to find a good apartment or rental property with less than stellar credit. Even more importantly, however, is securing your new dwelling with a customized Dayville Renters Insurance policy.

Examine Your Credit Rating

While this is the most time consuming option, it’s the most beneficial in the long run. Get a printed copy of your credit report and examine what the issues are with your rating. Write letters to resolve issues that might not belong on your credit report and start paying down old debts to reverse the damage done to your credit score; this allows you the opportunity to explain any problems you might have on your credit to a potential landlord, says Zillow Porchlight.

Get A Cosigner

Having a cosigner can greatly improve your chances of qualifying for an apartment with poor credit. Ask a trusted family member or friend to cosign the lease with you in order to give the landlord more incentive to accept your application.

Offer A Bigger Deposit

If possible, save enough money to offer a bigger and better deposit than what is required. Many states have limits on what is acceptable for apartment deposits, so check into it before offering. However, giving above and beyond what is expected can put your landlord at ease.

About Byrnes Agency

At Byrnes Agency, we are here to serve your renter’s insurance needs. Our cost-effective solutions and our dedication to customer service have allowed us to serve Connecticut for over 80 years. For more information, contact us today at one of our three locations.

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Dayville Office

Phone: (860) 774-8549
394 Lake Rd
Dayville, CT 06241
United States
info@byrnesagency.com
Hours of Operation: Monday- Friday 9:00am-5:00pm

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Norwich Office

Phone: (860) 886-5498
6 Consumers Avenue
Norwich, CT 06360
United States
info@byrnesagency.com
Hours of Operation: Monday- Friday 9:00am-5:00pm

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Woodstock Office

Phone: (860) 928-7928
1226 Connecticut 169
Woodstock, CT 06281
United States
info@byrnesagency.com
Hours of Operation: Monday- Friday 9:00am-5:00pm

 

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