Renting with ccj's

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Renting with ccj's

Postby Lucy Benson » Wed Jun 29, 2011 3:27 pm

We are selling our property and paying all our debts off, but have had ccj's. We can afford to pay 12 months rent up front but want to avoid a credit check. How can we do it? All the agents say they have to run credit checks what can we do?
Lucy Benson
 

Re: Renting with ccj's

Postby Henry Oats » Wed Jun 29, 2011 3:29 pm

There is a number of things you could do to rent a place.

Firstly, if you did want to rent a house through an agent - not all agents or landlords will have a problem renting to you even if you have bad credit. Before you go to view any properties, ask what checks or references are required. If a credit check is required, speak with the agent or landlord about your history - they may still be willing to rent to you. Its often usefull if you have a strong secure job.

Don't forget we are going through a resession and many other people are in a similar situation to you!
Henry Oats
 

Re: Renting with ccj's

Postby Karen Humphry » Wed Jun 29, 2011 3:31 pm

I found this interesting article that you might be interested in.How to rent with Bad Credit, CCJ's, IVA's or Bankruptcy

Got ccj's or been bankrupt, find you are being turned down when applying to rent a property? Well here our the expert secrets that work!

In the time of the credit crunch, landlords are even more concerned about finding a tenant who is going to pay their rent on time, so that they make their mortgage payments on time. You and I know that just because you missed a few credit card payments doesn't mean you'll skip out on your rent, but your new landlord would beleive your credit report over your word.

Landlord's and Letting Agents will look at your poor credit history in different ways. Some won't see beyond those blemishes, regardless of your rental references, and your good salary. Here are some proven tip's to help you rent a rental property with bad credit.

Expert Tips - How to rent with Bad Credit, CCJ's, IVA's or Bankruptcy
Get your full credit check
Make sure that you know exactly what your credit history shows. It simply isn't acceptable to go to a letting agent not knowing how many or who you have ccj's with. Remember, the letting agent wants to help you, don't forget they will be getting a commission if they can rent the property to you. So just be honest with them - if they can help and bend some rules they will. Unsure of what your credit history show -

Discuss your credit history with the letting agent or landlord
Not all agents or landlords will have a problem renting to you even if you have bad credit. Before you go to view any properties, ask what checks or references are required. If a credit check is required, speak with the agent or landlord about your history - they may still be willing to rent to you.

Avoid the credit check
The other option is to avoid a credit check altogether.

Some agents/landlords don't require credit checks. Finding one who doesn't need a credit check is an obvious solution. However, I'm going to say one thing - if the landlord/agent is not bothered who their renting to, will they be bothered if you need help with repairs? This may not always be the chase, but choose your landlord/agent carefully!

Get recommended
Get a reference from your previous landlords or agent. If you can show how prompt you have been with paying your rent and that you have looked after your current property then this may stand you in good stead with your application. Some landlord's will often prefer this sort of check to a credit check anyway.

Get a guarantor
Having someone with a clean credit history stand as a guarantor for you. A guarantor normally needs to meet a set of requirements to be suitable to be your guarantor. A guarantor is a person who signs an agreement to guarantee the rent, which means if you don't or can't pay the rent - they'll have too!

Share with another tenant
The other tenant might be your spose, partner or a friend. They will be on the tenancy agreement, and will need to meet the necessary credit qualifications. Remember that the other tenant will be equally responsible to pay the rent. If the rent isn't paid, the landlord can legally persue you and the other tenant for the outstanding rent.

It can cost more
The agent or landlord may be happy to go ahead, but might want more deposit, or more rent in advanced - or even a combination of both. The agent or landlord will ask you for this as you pose more risk based on your history. Some agent's/landlord's may ask for 6 months rent payment in advanced and a deposit, others may just ask you for a deposit of equivalant to two months rent instead of one.
Karen Humphry
 


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