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Bad Credit - Looking to Rent a Property.

Me and my partner are looking to rent a property very soon however we are worried as we both have fairly poor credit ratings due to payday loans. I have around £1000 debt left which I'm paying off in monthly payments and will be out of debt by the end of 2014. My partner just has poor credit and is not in any debt. How do we go about getting accepted to rent a property and what are the steps we should take?

Asked on Jan 20 2014, Renting in Worcester Park | Report content

Answers (1)

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  • Hi jbrownus89, With situations like this, it's all about being able to prove to the landlord or letting agent that you are able to afford to pay and that you have never defaulted on your rental payments in the past. The most important thing for them is to make sure that they are getting their money on time, because they will often have mortgages to pay on the property themselves. You can do this through proof of employment and a letter from your employer to confirm that you are permanently employed and are able to afford the rent, first and foremost. On top of this, you should also look to provide any references from previous landlords if you can. However, the best way to convince a landlord or agent to do business with you is to offer to pay a chunk of your rent all at once, if you can afford to. Three months can often be a good starting point. It's also important to note that not all agents carry out a credit check, so you may not even need to convince them too much. Many thanks, Scott

    Answered on Jan 27 2014, Report content

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