Comments on: How can you rent after a bankruptcy?

By: First Lady

First Lady — Wed, 03 Mar 2010 13:57:33 +0000

I agree with the others….try to find a place before filing. IT won’t go on your credit report until after it’s discharged…I think. If you were up to date on your bills, not late, etc, then you shouldn’t have a problem getting an apartment. There are places that will rent to you even after a bankruptcy. Look at how many bankruptcies are filed each year….you don’t see all those people homeless, do you?

Also, don’t be so quick to rule out your in laws. I can understand that neither place is somewhere you want to be, but when file bankruptcy, sometimes, you have to sacrifice for awhile. I’m in that boat right now. I filed bankruptcy about a year and a half ago. You can’t have your cake and eat it too sometimes. Bankruptcy is the last resort to financial problems and you can’t always get what you want with it. Now, if there’s abuse with the in laws, then that’s another story then, but otherwise, you want to keep your kids where they are, etc. don’t be so limiting.

By: DR V

DR V — Sun, 28 Feb 2010 06:39:53 +0000

offer to pay the rent in cash 30 days in advance. have the landlord write that into the lease.

By: C B

C B — Sun, 28 Feb 2010 04:25:12 +0000

Try to rent from a private owner instead of a managment company. They will be more forgiving. Why do you need to sell your house though? It sounds like you’re current on your mortgage. You’re going to have to come up with a considerable amount of money for a security deposit if you decide to rent. I don’t see how this will be cheaper than staying in your house.

By: Diane M

Diane M — Sat, 27 Feb 2010 09:46:00 +0000

Many landlords will be willing to overlook the bankrupcy if you talk to them ahead of time. A little explanation before they run your credit report will help.

By: Grain And Grit

Grain And Grit — Wed, 24 Feb 2010 09:16:30 +0000

I have been through this before. Start with trying to rent from an individual instead of a management company. Person to person most people understand financial problems we have all gone through.

As long as you have a stable job and income, there shouldn’t be any problem. Just remember, you will propbably pay first months rent + Last Months rent and a deposit.

Good luck, and keep your spirits high. A lot of people have been in your shoes and have come back fine. I have.

By: Jadzia

Jadzia — Tue, 23 Feb 2010 01:24:17 +0000

If at all possible look for a place to rent before your bankruptcy court date. It will not show up on your credit report until after court.

If you can’t find a place until after just be honest and ask them if your bankruptcy is going to cause a problem. It actually may not. I found that some places don’t really care.

By: ALFimzadi

ALFimzadi — Sun, 21 Feb 2010 01:58:55 +0000

Show them statements that you did pay each and every account on time. You can explain your reason for filing bankruptcy. Some companies will look past this. Other companies will let you rent if you pay the first XX number of months in advance…when I got my first apartment we didn’t have any credit, so we had to pay 3 months in advance. Comming up with that kind of money isn’t easy, but it got us an apartment for the next two years.

Another way would be to apply for the apartment or house in advance, so that the bankruptcy won’t show up. This way, you don’t have to explain anything, and just list your estimated move in date so that you can be preapproved and won’t have to mess with it.

By: Tracker

Tracker — Thu, 18 Feb 2010 11:46:57 +0000

Save up extra money. Landlords will often overlook bad credit if you have a large deposit down and an extra month’s rent thrown in.