Recovering from bankruptcy is a challenge, especially if you’re trying to find an apartment to rent. However, it’s not impossible. A little honesty and perseverance go a long way. Here a few tips.
Be honest with your landlord. The majority of landlords will run a credit check on you, which will reveal that you filed for bankruptcy. Take the time to explain why you ran into financial difficulties and what steps you’re taking to make better decisions in the future. Having proof of a steady income and explaining your situation could help to convince them you’re a worthwhile, responsible tenant.
Have some references. Maybe you’ve rented in the past and have a landlord who can provide a positive reference for you. Business associates, previous employers, even personal references can help to boost your odds of renting that apartment.
Consider a co-signer. If you find your poor credit score is causing you to be consistently turned down for an apartment, a co-signer is another option. However, you must be certain that you will be in a good financial position to pay the rent on time for the duration of the lease. The last thing you want is to not only fall behind on rent but to damage your relationship with the person who did you the favor of co-signing.
Work towards rebuilding your credit. Remember that although a bankruptcy will damage your credit, it doesn’t mean you can’t take steps to rebuild it once you’ve filed. The sooner you make the effort to raise your credit score, the better the odds of moving into that apartment you’ve been eyeing.
This information is provided by Miami bankruptcy lawyer Alonso, Perez & Santos, LLP. Our areas of practice include bankruptcy, insurance litigation, debt harassment, credit card defense, foreclosure defense, immigration law, condominium law, business start-ups, and more. Call 305-676-7545 to speak with a Miami bankruptcy attorney receive a free consultation. We look forward to working with you.
This information is provided for educational or informational purposes only and should not be construed as legal advice. The information is not provided in the course of an attorney-client relationship and is not intended to substitute for legal advice.