If you have good credit history then you need not worry about a credit check at all. If you are reading this article, then it is likely that you require a guide to finding no credit check apartments. It is indeed difficult to find apartments with no credit check. However, it is not impossible. There are many ways to bypass the credit check which is usually conducted by the landlord.
Is there such a thing as a no credit check apartments?
When a landlord rents out an apartment, they most likely want to make sure that the person to whom they rent the apartment will have the ability to pay. They don’t want to have the hassle of having to go to the people renting the apartment from them and asking for their money. Many landlords feel that the best way to determine whether a potential renter can pay is to do a credit check. Many people are not aware that getting an apartment requires good credit history. This is because they take it for granted that anybody can find an apartment. An apartment is almost like taking a loan.
For example, if you rent an apartment or if you take a lease on an apartment for two years and the rent or lease on the apartment is $700 per month, then, the total amount that is paid for to the landlord is $16,800. That is a lot of money over a two-year period. As such, the landlord would be interested to know that the tenant would be able to make the payments on time and regularly. If the landlord does not conduct a credit check then in becomes a no credit check apartment.
Leasing or renting with bad credit
The only option that a person has when he or she has bad credit is to find an apartment which does not require credit check. If that’s not possible then other ways to avoid the credit check should be determined. In some cases, the landlord may not be interested in performing a credit check before renting out an apartment. In these cases, it is important that you grab the opportunity, if you like the place.
In order to avoid facing a situation where the landlord collects a credit check and you have bad credit history, you can get a recommendation letter from any of your previous landlords or your employers. The recommendation letter essentially convinces the landlord to give you a lease for the apartment. However if the landlord is willing to give you the apartment without a recommendation letter, it is wise not to give him the recommendation letter. This is because it may create suspicion in his mind that you may not be able to pay the rent on time or it may create suspicion about your financial status. If your landlord has not thought of the need to conduct a credit check, then it is in your best interest not to give him or her the idea!