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4 years ago
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What do you do when you have bad credit, but make good money and no one will rent to you?

I have to move soon.
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4 years ago
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The only way to fix your credit is to pay your bills! Don't waste your money on credit fix solutions. You can have most items removed yourself if they are older than 7 years.I did this and it works but you still need to make arrangements...Anyway, I would just say be honest and upfront about your situation. We are in the same situation and we are renting just fine...trust in God because he will touch someone's heart and you and your family will have a place to call home...praying for you!
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3 years ago
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Hi,
How do you remove old accounts after 7 years?
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3 years ago
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That's so true we just started making this kind of money. Now with the extra money came a new location so I have to find a house big enough for 4 kids and me and my husband.
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4 years ago
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Funny i had the same problem. They flat out refused to rent me the apartment. Having grown in NYC i knew that money always talks and BS walks.
So i said, ok. I''ll be back with an offer would wont be able to refuse. They basically said "I wouldn't waste my time-these are the policies blah blah blah"
So i went to my bank and pulled out 7k in CASH (apt. was $800 a month)put it in my briefcase, 15 minutes later went back to the apartment manager, slapped it on the table opened the briefcase and said "Here's 7K now will you rent me an apartment?" That lease was generated so quickly my head was spinning.
Although they wouldn't take the cash. So i had to take the money back to the bank and get a cashier's check. LOL
I don't recommend handing over this much cash at once, but if you put at least two months rent down in advance iam sure they will soften their stance on leasing the apartment. Another option is go lease a house. A private homeowner will be much more willing to lease if you "show him da monay"
A third option would be to outright purchase a house or condo.
Believe it or not you can still buy a house with crappy credit. I bet my boyfriend (who at the time had the absolute worse credit i've seen and was desperate to be a homeowner) i would be able to make him a homeowner within two weeks and with a "reasonable" interest rate.
Sure enough, within two weeks, and with my guidance (i have purchased a number of homes in the past) he put a contract down on a house. Within 30 days financing came through, we went to closing and moved in to that house together. The initial interest rate offered by some banks was between 7-8%
I got locked him in at a 30yr fixed 6.2% with what was at the time Wachovia and is now Wells Fargo. Not bad considering the poor credit he had.
Of course we were smart about it and he purchased the house far below his approval so that he wouldn't be "mortgaged strapped" every month.
I negotiated a price down to 120k from 145k. It was a killer deal.
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4 years ago
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im just in aww.. how did you purchase the house with bad credit. I have always been told that you have to clean your credit up before a mortgage comp. will even think about looking at you. I would love to try to buy a house and purchase it for lower than what it is on the market. So that I could afford the pymts and not be strapped. Please do tell.. very intrigued.
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4 years ago
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I sold new construction for 3 years. I found a lender that knew how to make things happen and I sent all the deals that our in house lender could not approve to her. She was able to work with people with credit scores as low as 425!!! Also I was told the same thing... That I could NEVER buy with my score and foreclosure but she was able to get me an FHA loan at 6% with in 30 days we closed!!! WITH 0 down!!! If you are willing to work to get it done you will find a way, just ignore those who say it can't be done. Anything is possible!
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4 years ago
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Please share the name of that person that can help my family and I. We purchased out home while in the military overseas in 2005 which was a really bad idea (adjustable mortgage thru Countrywide). My husband then lost his job, however was able to get another unfortunately at a lower pay scale. We have terrible credit and I'm terrified at this point. We are about to loose our home and I don't know where to go for help. I wish we could save our home and if not, finad a home that we will be able to stay in for a couple of years until we get back on our feet and get our credit fixed. Do you know of any real estate agents in the San Antonio Tx area?
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4 years ago
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Can you give us who are having issue the email or address/phone number; so we can contact them for help as well
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3 years ago
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Wow Kim Ryan, Can you provide me your lender's information? Would love contact her.

Thanks
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3 years ago
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Lora~

don't know in which state you are living. But we (and many other companies out there) have always homes 4 sale (REO's, wholesale deals etc.) anywhere from 10% to 80% of current market value.
CoW Properties
Real Estate Professional
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3 years ago
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Jackie, how did you do that. Wow, that's something. I need you around, because I'm looking to buy or rent to own a house, but my credit is terrible. I have tried to get a loan and some have denied me and some tell me that I don't have enough income. So, now I'm hoping that I can rent a house, but some landlords, be wanting 2 months rent and half security. Then you got houses that are in dangerous areas, but want less. I have to mve by the end of the month and still haven't found a guarantee place yet, for my family and I. Do you have any suggestions? I believe that God will see us threw theses hard times.
Looking to Rent
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3 years ago
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Where do you live? And where are you looking to move? I found a company that does moves and finds you places you can buy with little or no money down and it's like foreclosures etc. And all you do is pay them $50 fee and then you get a list and start browsing.I found it on one of the listings on hotpads.com
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3 years ago
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jackie your message seem like a god send messages please is their anyway you can help me with some pointer my credit is what you call an thin file and wells fargo just approve me for a loan for 12k on an 09 chevy i so dream and pray for an 6bd 4bt home plz you have giving me hope want a home in st augustine fl st john county i have been in jacksonville for 3yrs and i need a house for my children to come move here with meand granchild pray and faith and believe
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3 years ago
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You're blessed. Landlords did not rent you were those didn't see. You're freshly start and having money. What they are affraid of. Buy your own place with your money. I own a house NYC, I rent to everyone as long as he/she is having a decent job and I don't discriminate any one.
Good luck!
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3 years ago
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well jackie that sounds great how could you let me in on this great secret iam a single parent but hey i live and help with my sister and she works also so shoot me an email please thanks at dawnmariecole54@gmail.com
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3 years ago
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What did you do to get his mortgage?
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3 years ago
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Jackie,

Can you please email me... hopevansickle@gmail.com.. I could use some advice. Thanks
Hope
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3 years ago
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How can I get you to help ME buy a house??? :-)
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3 years ago
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Can you give me your secret to negotiating. Pls. contact me at redrubynels_2731@yahoo.com
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3 years ago
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Well would you be willing to work with me?
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3 years ago
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JAckie Neutron ...I need your help.lol is there some way we can get in touch with each other...lol
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2 years ago
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Jackie,

Let me know if I can ever help! Todd Cox http://toddnmiami.sef.mlxchange.com Money alway's talks..LOL!
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2 years ago
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I could use your help...I think I am your boyfriend reincarnate..lol. If your willing to help with your knowledge, email me at timothyscoleman@gmail.com. Thanks..Be blessed.

Respectfully,

Tim Coleman
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2 years ago
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Hello Jackie, I am in a similar situation. Credit is bad, both husband and I. We moved to Cali from Hawaii. Just trying to get a fresh start with our family. The problem is that we are trying to at least get a house for rent with our kids but we seem to not get anywhere due to our terrible credit. If by any chance you can might have any advice for us?
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2 years ago
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How did you do it i would love to buy a house
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2 years ago
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Hello Jackie,

Would you be willing to invest in a non-profit Autism/Bipolarism Foundation that I am starting? I need private investors to help sponsor my foundation.

Jasmine
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2 years ago
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Where can you buy a house with bad credit unless you have money to pay cash?
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4 years ago
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Offer to pay a few month's rent in advance, in addition to your security deposit. Also give current pay stubs and accurate information. As a landlord, that would make me more comfortable.
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3 years ago
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If I had that much money on hand why would I be spending it on rent? If I was able to have a large amount of money I would be using it for a down payment on a home I would own, not someone elses motgage. Furthermore, if I had that much money on hand, I would take the time to pay off my credit, pay it down, or negotiate it down. And what if you dont have that kinda cash on hand but youve never had rent issues? How do you present yourself as able to rent? Can we get some real life situation answers here people...And yes, I believe in God, but he only helps those who help themselves...
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3 years ago
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Caren K,

You can't say what you would do if you had that much money, because you aren't in their shoes, or in their city, are you. Rent is a better option for many these days, especially with jobs often coming and going so quickly.

Also, No where in the Bible does it say God helps those who help themselves, if that is what you are implying. No where does it say it. That is man's wisdom trying to come up with a saying that points towards man working his way into God's grace, which of course, if you are a Christian, you know is impossible.

God does not only help those who help themselves. He helps those who ask for his help, and those who honor him.
Sometimes God reaches out and with his loving hand delivers someone out of a horrible situation, because he loves us.
Browsing Housing
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3 years ago
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Is so many situations where you do not want to buy a house, like mine, I am actually fisnishing school and I have save enought to buy a house, but I still have a couple years before graduation, and I definitely not looking to stay in this town, once I graduate, I want to move to a bigger city... Every situation is different and FYI, this is part of the life of many persons.
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3 years ago
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i found a private owner while standing in line at the movie theater. he was eager to rent - i had a good track record/job but was working through some situations out of my control. just tell everyone you know (and everyone they know) you are looking. oh, and prove you can be trusted.
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3 years ago
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If you have a bankruptcy. You may not be able to have a loan out while you are still in bankruptcy. That is why you can have money for rent and not be able to buy a home. That is real
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2 years ago
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What if you don't owe any money to anyone but just don't have credit because you are not in debt? You must have debt to receive a good credit score. Its a horrible system. A down payment is no good without sufficient credit to get a loan. You cannot pay down credit. You can can paydown debt.
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6 months ago
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U SUCK!!!!
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4 years ago
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Another option, if you can't pay a few months in advance, is to get Direct Deposit from your work if you don't already have it, and then offer to have the remaining payments automatically withdrawn from your account and deposited into the landlord's account the same day your paychecks hit. I've done this with my tenants, and it's a lot easier for everyone involved. You can get this set up at places like www.erentpayment.com and it only costs about $3/month. It shows you're willing to commit to payments, which is all a landlord is concerned about.
Real Estate Professional
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2 years ago
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Great information was provided, thanks for the insight and the information!
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4 years ago
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try craigslist. Also you could try an indvidual instead of a company. There are a lot of houses for rent in that area. Im sure if you explain your situation you can find something.
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3 years ago
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You know, I did that once & the response was "this won't work out"
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3 years ago
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Just be honest with the landlord of why your credit is where it is and agree to giving addition security deposit.
Jason Wilson
Real Estate Professional
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3 years ago
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There are houses sold right now (nationwide) that are either REO's (real estate owned - by banks) or wholesale or 'handyman specials'..... and they start at around $1,500 cash (including our fee) - but then you are DONE with paying off the house: It's YOUR's. Ok, so you might have to fix the house up at that price.... but that is still cheaper than paying rent every month - don't you think?

Conny Wolfram
REO broker
CoW Properties
Real Estate Professional
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3 years ago
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how do I find these properties?
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3 years ago
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How do I get more information for New Jersey?
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3 years ago
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Where can I find such properties in boise.
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3 years ago
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do you know of any deals like that in south florida
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2 years ago
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Conny, Hi.
I saw your response. It was the most intelligent response I read from the top. How do I locate a REO in Springfield, MA. Please respond, Thank-you, Louie Perkins
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2 years ago
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I need to speak with you soon Conny, I am interested in a apartment in the Topanga area and would prefer to be out of the hustle and bustle somewhat, Also need a garage, Those are the important issues. Location can vary but would for sure like to be between Oxnard to West Hollywood and would prefer a small house with a garage. Thank you.
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2 years ago
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Sorry contact me mrozdesigns@yahoo.com for information. Im interested asap. Thank you again
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1 year ago
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Hi I was reading the ladys story with bad credit and she showed her boyfriend how to buy a house with bad credit. Is there any way that we can buy a house? we have a BK DISCHARGED about 9 months ago and a foreclosure. We have some money saved up, not very much, but if theres a way can you email me, at kcharleycarow@yahoo.com for REO's or any other homes. Thanks so much. Pamela
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1 year ago
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oh and we live in riverside county and hoping to buy in sanbernardino county cities like Yucca valley, Joshua Tree. Thaks again. Pamela
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4 years ago
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Oh and in case you are wondering what the bet was?
If i made his wish come true of becomeing a homeowner within a few weeks that we would live together;)
He was still in shock when we handed him the keys at end of closing and cried when wee opened the door to his (nearly brand new) home for the first time.
Here we are two years later and loving the house we live in.
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3 years ago
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Please email me!
Leann Welton
Browsing Housing
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3 years ago
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i'm basicly in the same boat. i want a house so bad. we lost our to forclosure 4 years ago. i have bad credit and would love a small house as i have dogs, and 2 19 & 18 yro living with me. i would love to know how you did it, i;ve tried everthing. please help us,
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2 years ago
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That is awesome! How did you do it? I'm in the same boat - make lots of money but with horrible credit.
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2 years ago
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bet you cant get me into a house like that. You mite have a better chance on my girlfriend but I dont think it can be done .... we have tried.
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1 year ago
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can you till me did you have to put a large amount down?
we are looking for houses but we have a BK and coming foreclosure on our hands
so we know it will be hard.
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11 months ago
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Can you walk me through how u did this Jackie?would really appreciate it.
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4 years ago
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You have several choices (ranked from easiest solution to hardest solution):
1- go to extended stay hotels such as Residence Inn by Marriot or Homestead Suites.
2- offer to increase security deposit to the maximum allowable by law, 3x rent for furnished apartments and 2x rent for unfurnished apartments.
3- offer to pay more rent on a lease
4- offer to pay on month-to-month tenancy at a higher monthly rental rate
5- offer to add a cosigner to the contract
6- offer banking statements for last 6 months
7- offer to prepay up to 12 months (depending on how bad your credit is)
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3 years ago
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Keep going. Someone will rent to you. There are plenty of rentals and there are landlords who will take the risk and let you in.
Wendy Lucas
Real Estate Professional
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4 years ago
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your best bet is private owner not companies. If you are employed and has been in your job for a while, thats a plus. Meet with the landlord and be honest; you can offer 6 months advance payment in addition to the security deposit. Bank accounts, stocks etc don't really help as far as I'm concerned b/c you can liquidate them anytime. There are landlords out there who go by their gut instinct as to whether you are trustworthy or not. Character reference is also important.
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4 years ago
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MC...very accurate and good info...However, be careful with individual owners...some of them are using your rental payments to live on...and not paying their mortgage. You could find yourself with a notice on the door saying you have to vacate. Ask to see verification from their lender that they are current on their mortgage.
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3 years ago
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do you call the city to see if property taxes are up to date and do you ask the realtor thats leasing the home if they can find out for sure if the house is in good standing far as the mortgage?
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3 years ago
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Deb, you are absolutely correct. The reason why I say that because my landlord now is in jeopardy of losing the house. So, he's trying to sell the house, comes to find out that its hard for him to sell the house because some of the people don't qualify for the house, plus he's having alot of problems with it and just want to sell. My landlord is also living off the payments that his tenants give him, that's why the house is in foreclosure status. Then, turns around and got another mortgage on his single family house that he lives in now. He's in a big jam right now.
Looking to Rent
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4 years ago
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I had the same issue where my credit was less than perfect due to a recent foreclosure and in this economy i couldn't afford a large down payment. There are many programs geared towards people who don't have a lot of money for down payment or bad credit.

you can google RentToOwnCentral which is one of the better providers they helped me

Hope this Helps
Chris
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4 years ago
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My credit is terrible!! But i was able to move into a nice 3 bedroom house in west mobile. Thanks to Prudential Cooper Rental in mobile!! I was very shocked that I got approved.
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4 years ago
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When I had no credit after graduating, I showed proof of income like Dawn said and then bank account statements + stock and bonds, etc. Basically, I showed that I was more than capable of paying rent each month from my pay check alone, but had enough to fall back on as well.

Also, if you can get a co-signer to guarantee your lease that's good too- or just offer to pay a couple mths in advance.
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4 years ago
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Hopefully now that you make a lot of money, you can start working on your credit. But in the meantime you could try renting from an individual instead of a property management company. This may not help your credit any but it may get you a place to stay because individuals usually don't do extensive verifications like a property management companies. However, you need to start building some credit references. If you do find an individual to rent to you, pay them with a personal check. Paying an individual with cash is code for "I never pay rent on time and I have no way to prove that I do." So if you are serious about building your credit, pay with a check.

After renting from an individual for a year or two and paying with checks, you can use the canceled checks as proof of your timely payments and then you should rent from a property management company to add credibility to your rental history for the long term. Hopefully during all of this time, you will be working on repairing other areas of your credit.
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4 years ago
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If you are looking to rent a home in the Atlanta, GA area we have a plan that can help you. We have a Guarantor program. It will cost you a little more each month, but not much and you don't have to put up extra cash upfront. Visit my web site at www.leasingupatlanta.com. We know things happen to good people especially in these times. Be Blessed and Be a Blessing.
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3 years ago
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Get a copy of your credit report from all 3 credit agencies and dispute everything on it. Attach as many pages to the form as you require to do so, for each agency. The agency has 30 days to verify each claim's merits/amount/dates you dispute or they must remove the blemish from your credit record. By and large, they will not waste the time required to do this unless they have iron-clad proof that the claim is accurate. A friend of mine did this after a divorce and managed get more than 2/3 of the claims removed so he could finally rent a place without subletting. This may seem "underhanded" but it is legal for good reason.
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3 years ago
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This sounds good, but I'm afraid to say anything about any of the debts on my report for fear that the 7-year removal time will start up again from time you make the claim and the collection hounds will start up again and you'll never be able to get it off your report! Any ideas for this?
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4 years ago
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I'M IN A WALK ADVANTAGE APARTMENT,AND THIS IS A TWO YEAR PROGRAM,WHICH WILL BE OVER AT THE END OF DEC.2010. I NEED A 3 BEDROOM APT. FOR MY HUSBAND-MYSELF AND MY TEENAGE CHILDREN. MY DAUGHTER 16 AND MY SON 15 WE HAVE COME THROUGH THE NEW YORK SHELTER SYSTEM AND WE DON'T WANT TO GO BACK. WE BOTH HAVE BAD CREDIT AND WE ARE PRAYING SOMEONE GIVES US A CHANCE TO SHOW HOW GRATEFUL,WE WILL BE FOR A NEW CHANCE TO ONCE AGAIN PROVE OURSELVES EXCELLENT TENANTS.
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3 years ago
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I have been helping bad credit people rent very nice homes from private owners in Atlanta for years. Here is what I have my clients do. First they must complete my long form application by answering every question and printing legibly. This sometimes takes them a while because they have to dig up some of their information. However when we locate the right home, this information is ready to deliver to property manager, leaving an impression that my client(s) have their act together. I will also take the time to proof the application looking for areas of concerns, so that we can address them in the beginning before we find the right home.
Depending on their situation I may recommend they have a larger deposit available, or that they offer a slightly higher rent payment, or except a month to month or a longer lease depending on what makes that property owner more comfortable.
Sometime just a brief letter of explanation on why they are moving, or why they have moved (without bashing past landlords) can help the landlord see you as a person and not just an applicant.
I would also have my clients collect proof of rent payment for the last two years and 90 days of paystubs. Again it s best to have this ready in advance so that we may be able to get a decision quickly from the landlord before other applications show up. I also suggest to my clients that they should be ready to move as quickly as possible. Landlords want to reduce the amount of time the home remains on the market without a tenant. You may get favor if you can move within 20 days or less. Also I strongly suggest that you consider rentals that no more than 35% of your take home pay. This tells a landlord that you are not using up all of your income just on homestead.
Kevin Fleetwood
Atlanta, GA
Real Estate Consultant
Kevin Fleetwood
Real Estate Professional
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3 years ago
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i need help in getting a place ASAP,how do i contact u
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I was in your shoes a while back. I had bad credit and a bankruptcy. I took my tax return and paid off all my credit debt. I would call and ask could I make a settlement...and if it sounds good, go with it and continue the same process until your credit is clear or half way there. Then you should get a secured credit card and only spend 35% of the amount you secured. So if your secured card has a balance of $500 you should not spend more than $175. I hope my advice was helpful..it was for me.
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4 years ago
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Prepayed Rent seems to make issue like this go away.
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We found a great realtor and was upfront on bad credit, but had the 1st/last/security in bank check for him....he said, let me handle it and he "knew" that as a couple, we presented very well and he spoke with the owners...they had no problem at all...almost 2 years later and we're trying with him again!
Also, trying apt. complexes and asked details on their "credit check" system...it's NOT the hard credit score...it's a composite of the credit score/with income:debt/can use guarentors/co-signers, as well...they said if rent cost is too high to income, that's hard to clear. Also would raise security deposit...I'm thinking another month's rent, too as a "security deposit" by law is refundable, put in escrow for damages on a rental in my state. It takes SO little to tank your credit (mine was medical bills from serious illness/out of work) and SO hard to get it back...30 yrs good/2 yrs awful! I sympathize...do what you can to raise credit score..see a credit counselor (non profit agency type only!!!)
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Don't try to hide your past credit issues. Being honest is always the best policy in the end. It will help to be ready to honestly explain why your credit is bad and have a clear written explanation ready as well. Offer to give extra security and have references ready that give incite into the kind of person you are. You'll have to search a little harder but if you can demonstrate that your circumstances or mind site have changed regarding paying your bills on time you'll be able to find some one who will give you a chance. Especially in today's market when hardships are common. And it certainly works to say a prayer for God's favor, as the previous reply advised.
Teresa Cannady
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once I was actually rejected for not having a job. I offered up the entire 6 months rent plus deposit in cash and still they rejected me. I wanted the apartment so bad that I went out the next day and applied for the stupidest jobs untill I got one. I went back to the leasing office gave them a months rent and deposit, they verified the job and got my beautiful apartment and quit the job the next day. How stupid is that???
ya nevr kno, people r jus wierd
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6 months ago
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just wondering,how do u pay rent with no job?
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4 years ago
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We consider all credit here, stop in or give us a call 410.633.5720 5800 Boston Street, Baltimore MD, 21224. Maybe we can help you, it only takes 15 minutes to find out..

Equal Housing Opportunity
Boston Crossing Apartments
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3 years ago
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do you have a sister agent in the st. petersburg/riverview florida area?
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Boston Crossing Apartments,

Does the person has to live in Baltmore, Maryland in order to get help with there credit?
Looking to Rent
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Well if you really make alot of money. The first thing I would consider would be to fix my credit and pay off all my debt. Get your credit report from all three credit bureaus, call the collectors and pay off what you owe, make arrangements. Call a credit fix agency to see if they could help, they charge around $1000. Once you pay off your debt, its not going to be removed instantly, it takes about 3 months. But at least you will get prove, and your showing that you really care and you put some effort, not just leave it there on your credit unpaid. That's the major thing that anybody giving you credit will look for. It doesnt matter how much money you make, what you do. Credit is what your worth, so they will always look at what you owe, and how well you manage your finances, that will show if they can trust you or not. Overall if I was a renter, and you bring me pay stubs that you make 2000 per week but you have alot of debt in your credit and you have collections, and more. I wouldnt consider you either, because the first thing that would come to my mind is that your careless, I would ask myself what are you doing with your money. Are you just making all that money and partying off, enjoying yourself, or are you really paying what you owe and need. However, if you have prove or something in writing that shows that your making payments or its paid off. I would consider you.
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This is probably one of the most rudest things that I have read today. How about you actually sit and think about other peoples situations. You don't know the persons situation at all. Like myself for instance my situation is my ex husband destroyed my credit while we were married I thought that he was paying bills as it turns out he wasn't they didn't have my number only his so I had no idea this was happening. I never knew about any of this till a few months ago when I pulled up my credit report. So who are you to say that the person asking this question for ADVICE is careless?!? Next time before you jump to conclusions and down someones throat think about ALL the situations and try to be a bit nicer. I'm not saying that its okay to let your credit fall short but sometimes a person can't control it like I wasn't able to. So get over yourself and like I said next time try to be nicer!
Samantha
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I apologize I am late seeing this ? Hopefully by now you have somewhere to stay, but you still need your credit repaired. I can help...see people don't understand there are laws that the bureaus have to follow in reporting to consumer credit reports and even if life happened to you and your credit suffered negatively there is good help avail. We educate first and then if you decide to invest in repairing your credit we can help. Anyone feel free to contact me via email@ ceomomm1@yahoo.com and for more info about our company go to www.UNITED-CREDIT.org (lower case letters) read our BBB rating(for company name type in UnitedCreditEducationServices),FAQ (frequently asked questions),Money back guarantee. If you would like to see my results feel free to contact me,becuz I will be more than happy to show anyone. I am a Walking Ad and Show beats the tell:)
Browsing Housing
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4 years ago
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Pay your bills on time. Who wants to be the landlord chasing after you. Put up double or triple the security deposit NON Refundable when you don't pay
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"PAY YOUR BILLS O TIME" - Is nof always practical. Have been treating for grave illness. Lost job and insurance. Medical bills are extremely high. Physicians demand paymemt at the point of service.
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"PAY YOUR BILLS O TIME" - Is nof always practical. Have been treating for grave illness. Lost job and insurance. Medical bills are extremely high. Physicians demand paymemt at the point of service.
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3 years ago
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HOW CAN I RENT WITH BAD CREDIT AFTER A BAD DIVORCE BUT GOOD JOB FOR 32 YRS?
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A bad divorce does not divorce you from your obligations. Over 50% of us have been divorced. Do the right thing. Pay what you owe.
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Wow rude much?
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Contact Fico Impact at http://www.ficoimpact.com

http://www.youtube.com/watch?v=ZdqNNPz2AFA
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I am a landlord with 7 homes and have rented to people with not-so good credit. It all depends on why your credit is bad. Was it due to high medical bills? divorce? Lost a job and was unemployed for a while? But if you have a judgement against you from a previous landlord, pay the judgement owed. Otherwise, no one will take a chance on you ever. A tenant still owes nearly $4,000 in damages and that was a hardship. So I won't rent to someone with a judgement against them. In some cases, I have requested first and last month's rent and that has worked out for everyone concerned. Keep in mind, landlords must pay the mortgage every month until the 30-year mortgage is paid in full. The bank wants the payment with no excuses. So do what you need to do in the meantime to contact who you owe and make payment arrangements. Apartments won't typically rent to folks with bad credit so you may have better luck with a private landlord. Check craigslists and make sure you meet someone in person. Do not send anyone money on line or give your SS# or credit card to fill out an application simply on line
. Good luck in your search!
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Me and my husband have 563 credit score. Every time I want to try some program or go on craigslist I feel like I am getting scammed. I am afraid to apply other places b/c of rejection. We have never rented from a company. HELP!!!!!!
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2 years ago
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There are many properties available even with bad credit. The owners generally will require first, last , and security. Todd Cox http://toddnmiami.sef.mlxchange.com
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You really need to pull your credit reports, all 3 of them and find out what is on them. Repair them as you can. Your credit rating is really on the poor side therefore considered a credit risk. There are apts that will help you with a place to live, but do not go to agencies. Thats where you will bomb out all the time. And there are some good places on Craigslist. You have to be very careful as much as people are screening you as a renter, you need to screen them too as a person who owns the apt complex or home. Honestly you cant be careful. Use your newspaper for rentals, ask other people about place to rent where they live, see if they can give a good word about you to the manager or landlord. Find people you can put down as trustworthy people with good jobs and backgrounds to put down on your application as a tentant. Also never be afraid to ask relatives about places to rent. You never know who they know.
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3 years ago
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Apply WeCosign.com. They will be a cosigner for you.
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3 years ago
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Offer to pay the full years' rent up front.
Wendy Lucas
Real Estate Professional
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12 days ago
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If people had a years' rent up front, they wouldn't be renting. What a stupid thing to suggest.
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Bring cash. no one likes to let cash walk out the door.
i get auto financing and housing rentals easily. buying houses is not that hard either. flash cash and owner fi's will negotiate their moms into the deal if you want. FLASH CASH!!
Trusting the lord may work, I don't know.. I've always found that cash works better...
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where do you want to live? how about a 4 bdrm house for 1,500 a month pay your own utilities. baltimore, maryland 21229. Area being renewed, rehabbed, new subway coming soon. Possible good purchase price under 200,000. Nice quiet street.
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Use a whole lot of money to fix your bad credit and quit being irresponsible!
Browsing Housing
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If you put enough money down you should get passed any credit questions. I would look for a "owner finance" deal rather than a rental as you will be able to profit from the house appreciation and mortgage principal reduction. Plus when your credit improves (the best way is always just to pay your bills on time, "credit repair" is costly and sometimes hurts your score more than helps you) you then just refinance Title into your name.

Things to look out for
- get a sellers disclosure
- if you are not sure about the price consider paying for your own appraisal.
- find your own home inspector and pay for that inspection - it will be worth it.
- have any papers drawn up and/or checked by a lawyer
- where are your payments going to? How do you know your landlord is paying the bank, insurance, taxes? Find a 3rd party escrow service to make those payments for you.
Real Estate Professional
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3 years ago
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How can you have a bad credit when you are making a lot of money????
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Maybe this person didn't have a job for awhile then his credit became bad. Then this person got a good paying job with a lot of money. It happens. There is a reason behind everything. It sounds like you are demeaning this individual. Everyone has situations. Lose a job, get bad credit, then get a new job with better pay. Don't be so judgemental towards people. Someday it could happen to you. Don't judge until you have walked in the othe person's shoes. Everyone now days seems to judge instead opening up there big fat freaking eyeballs. I can't stand it when people judge before they know the FACTS!!! I have no time for people like that. The person doing the judging eventually looks like the jack ass because it could happen to them.
Looking to Rent
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No quick solution but if you make the money get your credit Restored not fixed but restored, www.rscs.us.com read about it
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If you "make a whole lot of money" then pay your debts off, get something in writing that shows you have paid them off, then make copies for each creditor or reporting agency that shows you've paid them off, request that they remove any negative remarks on your credit within 30 days (which is suppose to be how the agencies work anyways), also when looking for a place to rent, advice the landlord or agent that you have currently cleaned up your credit however it might not show right away, show the letters of payment, current pay check stubs, and get some letters of recommendation from past landlords or employers (that goes a long way). Listen we all fall behind from time to time, and especially with the way the world is currently defaulting on loans left and right, so be honest, be up front with everyone on everything and if you have to dig in and pay a little more for security on a place to assure the landlord/agency then do it! The most important thing is to pay those debts off and get on track with your finances. GOOD LUCK!!!
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I live in Sacramento CA and am in the same situation regarding credit issues. Can anyone in this area recommend someone or a company that I can get help with renting a 4 bdrm house.
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I know that a company called Wecosign does help. check www.wecosign.com
I saw their ad in rent.com.
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look for a local company that does lease option purchase on 2nd chance finance, look for those companies that advertise "I buy houses" "cash for homes" ect. they are only interested in taking bank owned homes, renovating them and getting them occupied on a rent roll, and turning them back to investors. You never have to actually purchase the home and its better than an apt.
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Its a good thing I have top notch attorneys for situations like this. I only pay the equivalent to a bottle of water a day. So if I was in this situation then it calls for a discrimination suit of some sort. More info on obtaining same service at http://www.prepaidlegal/hub/michaelpimentel
Browsing Housing
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COLD COLD COLD, PEOPLE ARE HAVING A DIFFICULT TIME AND YOU ARE ADVERTISING PREPAID LEGAL WHICH STINKS.
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D Unknown, in order to get good credit, be sure that you know how many bills you have. For example, electric, gas, rent, car payments, gas for cars, groceries per week, cable, internet, credit card, and amount to be put into your savings account (at least 10%,)etc. Make a list of all of them. You will have some that come in your mail as bills. Add all your bills together, then add in your totals for food, gas, and other expenses you don't get a bill for. Subtract that amount from the amount of money from your monthly take home pay. This creates a budget. If you spend less more money than you make, downsize. If your expenses are less than your income, that is called "disposable" income. Take care, best advice is to save the majority of it. When paying bills, pay them before they are due, do not be late, ever. For credit cards, pay them off at the end of each month. Be deliberate, and careful about being responsible and diligent about paying bills. Your credit will suffer if you make late payments. If you make a whole lot of money and have bad credit most likely, not paying bills on time, or not paying them until a collection agency contacts you creates bad credit and no one, will rent to you.
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well, if you have a whole lot of money then you shouldn't have any problem paying your debt and eventually fixing your credit problem. Regardless if you have a lot of money/cash, it all comes down to: you not being able to pay your responsibility on time. and that's a red flag to Landlords.
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Congrads Jackie Neutron, that was an excellent deal!!!
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Pre-pay the whole lease plus deposit with the agreement that the landlord will give you a good reference. Then fix that #@!& credit!
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Call this company Mambo Credit. (www.mambocredit.com) I had horrible credit and they helped me increase my scores.
beats the hell out of having to pay extra security.
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Do you have a CPA? Have you contacted a mortgage lender for credit restoration?
Rich Ferretti
Charlotte NC Real Estate Professional
Rich Ferretti
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How would this work? I just sold my house in Chesapeake,VA via Short Sale & moved to Ft Collins, CO. Currently, we're staying in a hotel & need a place to live ASAP. However, after looking at rental applications, I'm worried about being turned down. My credit rating plummeted because I was advised to stop paying my mortgage 1. to prove to the mortgage company I could no longer afford my mortgage (which was true) and 2. because continuing to pay it would be just wasting money. The actual closing took longer than expected so now my report is showing 90 days late & I suspect HFC will update it to 120 days late because of the closing delay. I do have old problems from 2004 due to my divorce, high credit card balances because my new husband & I have helped our grown kids a lot, & I lost some significant income when my youngest daughter turned 18 in 2009 (hence part of the mortgage problem.). I'm a 100% disabled Navy Veteran & cannot get a job to supplement my income. My husband's gov't retirement is much less than mine. He's looking for employment, but we did just arrive in CO. After viewing the applications for rentals, I'm very concerned we will be turned down. My husband's credit score is 743 only because of the high CC balances, but mine has fallen to 558, 522 & 519. I have no judgments, collection items, or public record items. Except for what appears to be errors of closed accounts still appearing open & one very small account I rarely use that has an odd late payment report in 2009 because they never sent me a bill, there are no other derogatory entries except the ones in 2004. I did have a Chapter 7 in 1992 that no longer appears on my credit report. My husband had a limited one in 1998, that also doesn't appear on his report. I've read the suggestions in this thread, but paying rent 6-12 months in advance isn't feasible for us. We may be able to pay 2 months rent, plus deposit, but not more since our youngest still needs help w/insurance & medical expenses.
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if you have $30k to move in, we have a three level, 6 bedroom home available on a wooded lot. jesusforlife137@hotmail.com
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Since you have a lot of money a rent to own option will allow you to rent and buy later on. Food for thought.

Seek out real estate ads that say rent to own lease with option to buy !
Home Buyer
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Find a home for sale by LAND CONTRACT
Bon Spatzek Mokris
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Here is an option for you: http://rexmerevillage.com/. Instead of renting an apartment, BUY a cute manufactured home in a resort-like environment with A-rated schools. You lease the land so the home cost is very affordable (down payment is like first/last/security) and then you have something you can sell at when you are ready to move. They provide owner financing and can over-look housing crisis related credit issues.
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I can help, Seattle WA
www.seattlewaterfront.info
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Unknown from VA Beach,

My answer would be, with your providing referrances, to offer to pay the full years rent in advance. I've dont this with several credit-challenged parties.

Steven Zimmerman Realtor ABR GRI / Belloise Realty Tropical / Living & Selling Florida's all year Waterfront Lifestyle in GULF HARBORS on the Gulf of Mexico
Steven Zimmerman
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Use your whole lotta money to pay off bad credit, call the merchant companies, and agree on a payoff, then pay it. But know this, when you pay off all your credit and the item(s) are closed, your credit rating goes down. Thats right so your #@!&$% if you do, and #@!&$% if you dont. Just do not close the accounts especially if they are credit cards, charge cards at stores, etc. Pay them "almost" all off, then be on time with payments for 6 months, nothing can be late. But do not close the accounts until after you buy a house. Leave them open while you are renting, it helps rebuild your credit by being on time with a payment. But it does nothing for your credit if you pay them completely off and close the accounts. Be careful, do not hire companies that say they will fix your credit. Do the calling to the companies yourself. Pull up your credit report and go over it carefully. There may be some items listed more than once on your report because other companies buy your account from another company thinking they will get the money from you and close the account. YOU go over your own account. If you find this on your report,call or write equifax, transunion, and the other one and dispute it as a copy of the original debt. It will be taken off. Remember a bankruptcy can remain on your report for up to 10 years. But old debt accounts do drop off your report after 7 years but leaves a remark on your credit report. You dont want this to happen. Make payment arrangements on your debts, pay on your debts ALWAYS on time from 6 months to a year. Your rating will shoot up on its own. I promise. I did it and mine was bad. I now own a 2 story 5 bedroom 3 bath home in the best side of town after cleaning up my credit in a years time. It can be done.
And there are places out there to rent that dont use an agency. Owners of homes will rent out to you if you can show them that you will be a good renter, take care of the home, pay more than asking a month, and be on time all the time. My rent actually went down when I did this for a year because the owner liked us for being on time and caring for the home like it was ours. Try the method and see what happens.
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