Most landlords and rental agencies check the credit scores of any applicants before deciding whether or not to rent them an apartment. This can pose a problem if you don’t have a very high credit score. You may find that your applications keep getting turned down anytime you apply.
The good news is, it is possible to find apartments in Mobile, AL even if you don’t have good credit. By taking certain steps, you can improve your chances of having your application approved.
One option that you can look into is finding someone who is willing to cosign on your apartment. For instance, if you have someone in your family who has good credit, they may be able to add their name to the lease as a cosigner or guarantor.
This helps put the landlord’s mind at ease since that person will be responsible for paying them even if you default on your payments. Of course, the last thing that you want to do is make the person who cosigns for you pay any money. Because of that, you should do everything in your power to keep up with your rent payments.
Another option is to look into getting a roommate who has good credit. In some cases, they may be able to apply for the apartment on their own without needing to get you involved at all. That way, their name is the only one that will show up on the lease. Of course, some landlords require everyone who lives in the apartment to apply separately. You still may stand a better chance of getting approved, however, if at least one of you has good credit.
One of the reasons that landlords are so hesitant to rent to people with bad credit is because there is a lot more risk involved. You can help mitigate this risk by being willing to pay at least a few months’ worth of rent in advance. Oftentimes, a landlord will be far more open to the idea of working with you if you are able to provide a cushion. You may also want to find out if they would be willing to rent to you if you were able to provide a larger security deposit. Although these extra steps can sting a little bit financially, they may be worth it if they allow you to get a great apartment.
Finally, you may also be able to use your past rental history to prove that you are a good tenant. If you have been living somewhere for a long time and have never missed a rent payment, you may be able to get a record of your rental history to show a prospective landlord. This can prove that even though you have bad credit, you are still a good renter.
Finding apartments in Mobile, AL with poor credit can be challenging. However, with a little bit of creative thinking, you can usually find a landlord or property management company that is willing to work with you.