How are people getting housing?

Question

My husband and I have been married for just over 2 years and have struggled financially since day 1. But we have managed to better our situation as far as earned salary. Unfortunately during our worst times our credit took a dive. Now we are at a point where we have paid off our collections and are waiting for our credit report to reflect that but in the meantime we can’t seem to get accepted to rent anywhere. We make more than enough for the places we have been applying. But due to our poor credit score nobody will take us. We are currently living with family but they are kicking us out so we need somewhere to go. We make too much for income restricted housing but we don’t make enough for most of the places that are safe to live in. Any advise?

Anonymous · Accepted Answer

When my husband died, I found out that I had no credit because I was on his credit card account as an authorized user. He had fantastic credit because we paid it off every month, but I had nothing. I couldn't even qualify for a store card. What I did was take out a small, share-secured loan from my bank. I didn't spend it, I just used my money to pay myself back and it reflected on my credit enough to bring it up. I also got a secured credit card and once my credit was up enough, I qualified for a small store card. That varied my credit enough to demonstrate that I was a good borrower (I am debt-free, but we kinda have to play the game these days. Sorry, Dave Ramsey). Because of taking these steps, it took me about a year to correct the issue and I was able to purchase the home I was renting.

On the rental situation, go ahead and apply as soon as you can to whatever is available. Be first in line. Then, go in to the property manager or landlord's office. Make sure you look clean and polished. Explain your situation calmly and politely, and let them know you plan to (buy a house, pay off debt, etc.). Landlords hate finding new tenants and if you can convince them that you have a plan and are low-risk as far as drama, they may give you a chance.

electromagnetic · Accepted Answer

I think you may have to focus on building your credit score first. Maybe apply for an insured card first.

Insured: the cards that utilize your own money as credit and when you’ve built enough credit to get a bank version, you can close it and claim your monies back.

I’m not sure about where you live but you can also look into private landlords that are willing to take you guys in.

Anonymous · Accepted Answer

Tough situation when you got bad credit as it means nobody really trust you to pay your bills as such you have to go with people who have trust issues until you prove you're good for the money.

Depending upon where you live the other option is to move to a place with better housing options. In the U. S. the Midwest has some of the best housing options due to general population decline.

if that is not an option you really do have to sign a renters agreement with whom ever you can get. If your parent can co-sign that might help you get into a better place.

Unit1 · Accepted Answer

By You finding someone willing to provide you with a housing offer.

That's what i did. When i was a migrant in a dictatorship ruled region and looked for places to rent it was not uncommon to encounter actual xenophobes, that not only denied my request but also said things i thankfully Don't remember anymore.

Back in my homeland where i'm at there are more people than just me, that are applying for housing for rent. out of the other applicants My landlord has chosen me.

Buckle up.

MzAsh · Answer

Why not find a place for rent until your credit score improves?

Mr_twoface · Answer

Depending on where you are living, sometimes, you can talk to the landlord and agree to pay a downpayment of 2-3 months rent in security deposit since you have a low credit score. That's a form of guarantee for them that you will not abandon them and thereafter continue to paying your rent. Usually you will get your deposit back in full upon exit (if there aren't any damages) or can agree to pay the last remaining month or two from it.

As for finances and credit score. If you have various of credit cards, get rid of most of them until you've got one good one and possibly one debit card. I've also over the past two years used an monthly Excel sheet where I've put down every purchase into it based on various categories and hence over time been able to see where we've been able to cut corners and where our expenditure is too much. Maybe that is something you can also do.

on_my_knees · Answer

I'm from North Carolina, I don't know if that makes a difference, but when I met my first landlady, I had responded to an ad on Craigslist. She just said, you look like an honest person, sign this lease and pay the first month and last month upfront. That was just the way she was. There are people like that in the world who look at you in your eyes, not on a piece of paper. You can also negotiate your way out of the credit check, perhaps with a sizable upfront rent payment. People love the way money smells when you wave it in their face.

deus_ex_sisyphus · Answer

You have an immediate housing need and lost your safety net living with your family. Either live out of a car, find roomates to rent from, or move into a less than ideal spot be it an ADU, sketchy neighborhood, boat, RV, or out of state house. It sucks, but those are generally your options.

People our age are getting into houses by assuming loans that were given when interest rates were between 1-3% and paying a premium or moving to an area with a cheaper cost of living out of state or out of country.

patois · Answer

Pay an entire years rent in advance. You still end up with the same rent. The landlord is guaranteed to lease the property for a year. You build your credit/rental history. While you have no rent for the year, be responsible and save another year's rent. The following year they might even let you go month to month if you are good tenets... No body loses. It's pretty self explanatory.

Anonymous · Answer

Private homeowners. Forget complexes, they're run by real estate companies-which have the guidelines you outlined that you don't meet. Plus, they're only interested in getting as many applications as possible, for the non refundable app fees. Private homeowners usually only care about 2 things. 1. That you've got proof of income. 2. That you're older/working, so it won't be a party house that gets trashed. Usually they'll be good with a sizable deposit and proof of income, and won't require rental history. They also don't give a shit about credit. If you can prove you've got a job, and how much monthly you make-and can pay that deposit ASAP? You're in. I've gotten em everywhere from South San Francisco to Iowa to Columbus Ohio like that.

JacobJordan · Answer

Find a place that doesn't do a credit check. A credit check is stupid because it is just a way to ensure you can pay it. If you have enough to pay it pay it. Other option if you have enough to do a down-payment on a house and can qualify for a loan do that instead rent is far worse

Anonymous · Answer

My friend did this through having God as her foundation. After this, everything went her way. Bills came down, mysterious credit was on her new home phone line, builders charged less and did jobs with extra for nothing. She pays over 50% less for all bills than others in almost identical situations and the Bank called her saying there was money in an account she didn't even know about.

Most people do all of this on their own strength and by relying on man. They have no idea...

DrPepper12 · Answer

That's some grade A bullshit but Americans seem to tolerate it - especially the boomers who won't sell making more inventory and then saying "I do not want affordable housing in MY neighborhood". Fuckers. That's a tough one. Are there illegal basement apartments in your area?

Massageman · Answer

You can rebuild your credit score by (wisely) using certain brands of credit cards. Just be sure to pay it off IN FULL each month. You can do a search on line "rebuild credit scores" and you will get several cards and banks that do this. Find the ones that do NOT charge a "service fee" or "membership" to do so. I wish you well.

Anonymous · Answer

and that's how people become homeless. one reason: poor credit. no one will rent to them. stupid little things. you're going to have to have a talk with multiple landlords and see if someone will be willing to rent to you with bad credit. get a realtor. they will do the hard work. (you won't have to pay them, since you're renting and not buying).

Alwayreckles93 · Answer

Lets be honest here EVERY SINGLE PERSON ON THIS PLANET LOVES VICTORIAN HOMES. I am %100 sure all people love old house the texture. No one wants toove inside a boring brand new house much less in agated communities I am correct right?

LiamJHayden · Answer

Hidden secret: a lot of churches have lists of rentals by members. Even if you do not attend, you are far more likely to find someone who will accept first and last and not go through a credit check, which you are currently likely to fail.

gemgem · Answer

You could check into an extended stay hotel and live there until your credit improves. I know it isn't the ideal place to live, but at least it is something.

jennifer_bloom · Answer

Maybe if you offer to pay more than what the landlords are asking, they will take a chance on you despite troubled credit.

D_Bonez_nutt · Answer

If you voted for Biden then this is what you wanted. If not... I do feel bad for your situation.

exitseven · Answer

Years ago we worked hard , made sacrifices, saved our money and looked at a hundred houses in a dozen towns until we found one that was halfway decent the we could affordm

Anonymous · Answer

Just suck it up and you'll have to live in the hood or something. You don't have many options. Family kicking you out, you're definitely not getting housing so the option is live in the hood until you can afford to move to the suburbs. Logically this makes sense.

Jamie05rhs · Answer

Unfortunately no place is face to live in anymore, due to Democrat policies. Just learn how to fight and buy several weapons.

jamesgoldman · Answer

Seems like you'll have to wait until the credit changes but hey my AMEX card got cancelled last year and it's still listed as open on my credit report

FuqUFggt · Answer

Cut all expenses outside of sustenance for 3 to 6 months. If you can't save 6 to 11k in that time, rob a bank. That's all you need to buy a reasonable house on an FHA loan.

jahaims · Answer

You can take out a personal loan for $500 and pay it back pretty much right away. You basically would be paying the interest to boost your credit.

whistlingwh0res · Answer

Get someone who can co-sign or who can be a guarantor

Anonymous · Answer

Having the same issue

coachTanthony · Answer

Where do you live?

How are people getting housing?

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