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Can I rent while on a debt management program?

I am looking to rent a property with my partner and another couple. 3 of us are working and the 4th is almost in work but the rent can be easily covered. Although I have a steady income, I am on a debt management program which has affected my credit rating and although this company is happy to provide me with a reference to say I have never defaulted on a payment to them, the most recent estate agent I have dealt with said they can't have just the other 3 credit checked. Is there any way I can get around this as I can prove I have a regular income and currently pay rent at home and have never defaulted. I need to move out but it is currently looking impossible.

Asked on Sep 16 2013, Renting in Dagenham | Report content

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  • Hi, If you have had this debt management programme for a long time and as seen your payments have been regular and none have been defaulted and you have a guarantor in place then some landlords would accept this however we would advise you to speak to your local estate agents for more info.

    Answered on Sep 19 2013, Report content
  • Hi laurajos90, It is possible to rent while you are on a debt management programme, most notably because not all letting agents actually carry out credit checks. What this means is that as long as you have proof of employment and references from a previous landlord or letting agency, you can rent through the right agent. Even with those who do sometimes take credit checks more seriously, it can actually pay to actually visit them as a way to explain your circumstances. If you have a guarantor's letter, as well as the documents mentioned above, you can sometimes win them over. At the end of the day, the main concern for landlords and letting agents is making sure they get the rental money each month, and that they won't be left out of pocket, so if you can show them that they will be paid on time and that you're reliable, then you can find it is possible to rent in your situation. Many thanks, Scott

    Answered on Sep 19 2013, Report content

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