Quote:
Originally Posted by kinkytoes
I am a landlord and and I should say that I would personally be more understanding about a mortgage default than I would about prospectives who just didn't pay credit cards, medical bills or student loans. In light of the numbers of people defaulting on home loans that they could not afford, I think it would be unfair not to consider their circumstances when considering their applications. You can discuss any issues with the landlod before or after he/she has the results of your credit score. If you pay your other bills and are a law-abiding applicant with sufficient income to pay the rent with ease, the landlord may choose to ignore a default. This is just my two cents. (no spell check)
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I currently have a $1850/month rental payment. I wanted to move to a house for $1300/month. I have a BK on my credit report about 5 years ago, and a very clear pattern of having improved my situation since then - 2 car loans in good standing (one paid off), old bills paid off, etc. I also have a 6-figure income, so plenty of money to pay the rent.
Property management company declined me because my credit score was too low.
I told them "good luck finding someone" - and now I'm looking at
buying another house on the same street - the exact same model, in fact.
I wish there were more reasonable landlords like you.