Renting or buying an apartment can be a problem if there is no credit history. In fact, it is already good, because it means that a person has never had any credit obligations, so there have been no debts. However, if there is no credit history or bad credit history, the landlord or the apartment seller may not know how honestly and timely the monthly payments will be. Of course, this does not mean that it is immediately necessary to take a loan and repay it just to have a credit history. There are other ways to convince the owner of the apartment.
It often happens that the apartment is rented not by the apartment owner himself, but by a broker or a real estate company. If several apartment offers are found, then it is worthwhile to start with a real estate property that does not involve a third party. Larger chances for a person without a credit history of an apartment is to get directly from the owner.
When contacting the apartment owner immediately
It often happens that the apartment is rented just because the apartment owner simply loved it and had a nice conversation with it. To say so, there was a pleasant feeling that this was the right person. If, however, it is not possible to avoid the issue of credit history, especially in cases where a real estate company is involved, then you should try to turn the defect into an effect at first.
Nowadays, a lot of people have reached various credit obligations – quick loans, consumer loans, car loans – since they have reached adulthood, so it may seem strange that people from not having credit history. If the lessor indicates that it is not possible to assess the person due to a lack of credit history, then the tenant has only to point to another important aspect. If there is no credit history, there was no need to take a loan. It is therefore possible to conclude that if a person does not need credit then there are enough personal resources to buy, repair, etc. It just indicates that the person is more reliable and more likely to be paid in time.
Non-existent credit history
In addition, it is important to remember that non-existent credit history is always better than bad credit history. In cases where a person does not have a credit history, one of the ways to check whether it will be possible to make monthly payments is to know what the income situation is; this means that there must be a stable and regular source of income. A person who wants to get an apartment can also request a statement of income to make sure the rent is affordable. If the landlord sees that the tenant’s income is high enough and the rent is only 30% of the total income, then the lack of credit history will no longer seem important.
The most important thing for the landlord is to make sure that monthly payments are made; Similarly, the fact that there is no credit history (hence no existing credit obligation) also confirms that the tenant does not have to make other large monthly payments that may affect the rent payment. If the lessor’s lack of credit history seems to be a major drawback, the tenant can offer a variant that can give the apartment owner a greater sense of security that monthly payments will be made. Usually, it is necessary to pay a security fee in the new apartments before they are collected.
If you have no credit history and if your income level allows
you may be offered to pay a higher security fee, such as two more rentals. You can also agree that you will not have to pay rent over time or in the last two months – an additional security deposit will be used. Seeing such an offer, the apartment owner should understand that it is not worth worrying about the tenant’s solvency. Increasing the security fee by the tenant’s will definitely seem to be a noteworthy advantage for an honest apartment owner.
The absence of a credit history can, however, also cause enough problems, as a result of which it is not possible to persuade the owner in any way about renting an apartment. If it seems that this apartment is really the right one and it is not possible to find one or not, then one of the alternatives may be to find a member of the apartment. In addition, in this case, a person with credit history is needed, and still positive.
Nowadays, many people are looking for rooms for rent, so it will be possible to find a credit history that has not been damaged yet. If you can’t find anyone in your circle of friends and acquaintances, you should look for an unknown tenant. It may seem that such a variant is somewhat daunting or unsafe, but finding a new apartment member is mostly the beginning of a long and pleasant friendship.