You can still rent an apartment after filing for bankruptcy, though it may hurt your chances in renting certain places.
Some landlords will check your credit score and take that into account when deciding whether to approve you as a renter. Some are more concerned with current income and your rental history than with your credit score.
Here are a few things you can do to increase your chances of renting the apartment or house you want:
- Be up-front about your bankruptcy. Don’t let the landlord be surprised when he or she checks your credit report. Explain your situation and maybe they will be sympathetic. Convince them you are still a safe bet.
- Pay a higher deposit or rental advance. This will help lower the financial risk for your landlord, which may help put the company at ease.
- Look into short term or month-to-month leases. This will give you the chance to establish positive rental history.
- Find privately owned apartments. These landlords may care less about your credit history than a large management company.
- Get a co-signer or guarantor. If you have a trusted friend or relative who's willing to vouch for you, many landlords will allow co-signers or guarantors who have a high income and solid credit history. That person will be responsible if you don’t make your rent on time.
Castle Law Office has been handling bankruptcies for Kansas City clients from more than 14 years. If you need the fresh start bankruptcy can provide, call us today at 816-842-6200 to speak with an attorney. Or click here to email us and schedule your free consultation.