Comments on: Would you lease a house to someone with bad credit? http://www.sellmypropertyquick.me.uk/lease-property/would-you-lease-a-house-to-someone-with-bad-credit.htm We Buy Property Quick for Fast Cash Thu, 05 Aug 2010 15:39:49 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: schwildcat1977 http://www.sellmypropertyquick.me.uk/lease-property/would-you-lease-a-house-to-someone-with-bad-credit.htm/comment-page-1#comment-1049 schwildcat1977 Sat, 20 Mar 2010 14:08:08 +0000 http://www.sellmypropertyquick.me.uk/lease-property/would-you-lease-a-house-to-someone-with-bad-credit.htm#comment-1049 It does not help to just look at the score. It would depend on what else shows on the credit report. If it is all medical and stuff like that then I would take that into consideration. If it was all credit cards and frivolous stuff then No, that is a bad risk. Also, if everything on it is old and there are no new debts, I would consider that as well. I would also look at rental history and if they have always paid rent on time even if they did not pay everything else. Also, We require income to be 3 times the rent to be sure they can pay. You really have to look at the entire picture. It does not help to just look at the score. It would depend on what else shows on the credit report. If it is all medical and stuff like that then I would take that into consideration. If it was all credit cards and frivolous stuff then No, that is a bad risk. Also, if everything on it is old and there are no new debts, I would consider that as well.

I would also look at rental history and if they have always paid rent on time even if they did not pay everything else.

Also, We require income to be 3 times the rent to be sure they can pay.

You really have to look at the entire picture.

]]> By: btwitkin http://www.sellmypropertyquick.me.uk/lease-property/would-you-lease-a-house-to-someone-with-bad-credit.htm/comment-page-1#comment-1048 btwitkin Thu, 18 Mar 2010 03:00:18 +0000 http://www.sellmypropertyquick.me.uk/lease-property/would-you-lease-a-house-to-someone-with-bad-credit.htm#comment-1048 Absolutely. Does he have an eviction on his report? Can you get references from previous landlords? Can he prove income? A bad credit report DOES NOT mean he wont pay the rent. You need to look at the entire picture. Absolutely. Does he have an eviction on his report? Can you get references from previous landlords? Can he prove income?

A bad credit report DOES NOT mean he wont pay the rent. You need to look at the entire picture.

]]> By: Tell Me http://www.sellmypropertyquick.me.uk/lease-property/would-you-lease-a-house-to-someone-with-bad-credit.htm/comment-page-1#comment-1047 Tell Me Thu, 18 Mar 2010 02:05:05 +0000 http://www.sellmypropertyquick.me.uk/lease-property/would-you-lease-a-house-to-someone-with-bad-credit.htm#comment-1047 PROS and CONS Normally I would not if my standards for credit rating was out of line. But if you decide to go ahead, get substantial deposits to offset the risk. Explain to your proposed tenant that this is the only consideration you can lease to them with the credit rating they have. PROS and CONS
Normally I would not if my standards for credit rating was out of line. But if you decide to go ahead, get substantial deposits to offset the risk. Explain to your proposed tenant that this is the only consideration you can lease to them with the credit rating they have.

]]> By: Gertie http://www.sellmypropertyquick.me.uk/lease-property/would-you-lease-a-house-to-someone-with-bad-credit.htm/comment-page-1#comment-1046 Gertie Mon, 15 Mar 2010 16:08:01 +0000 http://www.sellmypropertyquick.me.uk/lease-property/would-you-lease-a-house-to-someone-with-bad-credit.htm#comment-1046 Depends how recent is the last unpaid debt. If it's been a while and they don't have too much outstanding recurring debt they just might be able to afford it. Depends how recent is the last unpaid debt. If it’s been a while and they don’t have too much outstanding recurring debt they just might be able to afford it.

]]> By: Ashley S http://www.sellmypropertyquick.me.uk/lease-property/would-you-lease-a-house-to-someone-with-bad-credit.htm/comment-page-1#comment-1045 Ashley S Mon, 15 Mar 2010 05:48:40 +0000 http://www.sellmypropertyquick.me.uk/lease-property/would-you-lease-a-house-to-someone-with-bad-credit.htm#comment-1045 no, just because they can afford it on paper doesn't mean that they can actually afford it in reality. Keep in mind you don't know what their other bills are. Also since their credit score is not too good that means that they have either a lot of debt or are not making payments on time or paying off debts they already have,medical debt might be a different story but its best to get details. It sounds too risky to take them on at the current moment and being at a job for a little over a year isn't all that long. Also with the economy the way it is do you really want to take the risk? Do they have renters history?Also I would recommend getting a criminal background check to make sure your not letting someone with a significant criminal history move in. no, just because they can afford it on paper doesn’t mean that they can actually afford it in reality. Keep in mind you don’t know what their other bills are. Also since their credit score is not too good that means that they have either a lot of debt or are not making payments on time or paying off debts they already have,medical debt might be a different story but its best to get details. It sounds too risky to take them on at the current moment and being at a job for a little over a year isn’t all that long. Also with the economy the way it is do you really want to take the risk? Do they have renters history?Also I would recommend getting a criminal background check to make sure your not letting someone with a significant criminal history move in.

]]> By: goz1111 http://www.sellmypropertyquick.me.uk/lease-property/would-you-lease-a-house-to-someone-with-bad-credit.htm/comment-page-1#comment-1044 goz1111 Fri, 12 Mar 2010 01:37:35 +0000 http://www.sellmypropertyquick.me.uk/lease-property/would-you-lease-a-house-to-someone-with-bad-credit.htm#comment-1044 Really depends on the type of rental, On my upper rentals I would not even think about it, on my lower rentals the actual over all score is not so important to me; its in the details The main thing to me when dealing with my lower units and bad credit score is their job, Under a year on the job I would be hesitate, unless some type of union job or other type, I like people who been with the same job for three years or more, at least they are some what collectable if they have a long time job Then what is on the credit report? Outstanding collections on cell phone, utilities big no no, outstanding bills because of medical different story to me Run criminal background check, landlord references a big one also with the lower credit scores Really depends on the type of rental, On my upper rentals I would not even think about it, on my lower rentals the actual over all score is not so important to me; its in the details

The main thing to me when dealing with my lower units and bad credit score is their job, Under a year on the job I would be hesitate, unless some type of union job or other type, I like people who been with the same job for three years or more, at least they are some what collectable if they have a long time job

Then what is on the credit report? Outstanding collections on cell phone, utilities big no no, outstanding bills because of medical different story to me

Run criminal background check, landlord references a big one also with the lower credit scores

]]> By: quickrental.ca http://www.sellmypropertyquick.me.uk/lease-property/would-you-lease-a-house-to-someone-with-bad-credit.htm/comment-page-1#comment-1043 quickrental.ca Tue, 09 Mar 2010 21:38:01 +0000 http://www.sellmypropertyquick.me.uk/lease-property/would-you-lease-a-house-to-someone-with-bad-credit.htm#comment-1043 No. Do not take the risk its not worth it. No. Do not take the risk its not worth it.

]]> By: AJ http://www.sellmypropertyquick.me.uk/lease-property/would-you-lease-a-house-to-someone-with-bad-credit.htm/comment-page-1#comment-1042 AJ Tue, 09 Mar 2010 17:41:52 +0000 http://www.sellmypropertyquick.me.uk/lease-property/would-you-lease-a-house-to-someone-with-bad-credit.htm#comment-1042 a sub 600 tells me this person had to have defaulted on some loans in the past. I would be very hestiant to rent to someone like that. Unfortunately, without seeing the entire credit report, it is extremely difficult to make a final decision. a sub 600 tells me this person had to have defaulted on some loans in the past. I would be very hestiant to rent to someone like that. Unfortunately, without seeing the entire credit report, it is extremely difficult to make a final decision.

]]> By: banderson http://www.sellmypropertyquick.me.uk/lease-property/would-you-lease-a-house-to-someone-with-bad-credit.htm/comment-page-1#comment-1041 banderson Sun, 07 Mar 2010 12:23:13 +0000 http://www.sellmypropertyquick.me.uk/lease-property/would-you-lease-a-house-to-someone-with-bad-credit.htm#comment-1041 No. Just because they can "afford it" on paper does not mean they will pay. Their credit score proves this. We rented one of our homes to people with mid 600s and they were able to pay their rent, but they trashed our house by having random people come live there (without permission) so they could come up with the rent payment each month. I have rented out my homes on and off for many years and it really isn't worth it to rent to someone who cannot pay their bills. In this economy, do you really want to get stuck with that risk? No. Just because they can “afford it” on paper does not mean they will pay. Their credit score proves this.

We rented one of our homes to people with mid 600s and they were able to pay their rent, but they trashed our house by having random people come live there (without permission) so they could come up with the rent payment each month.

I have rented out my homes on and off for many years and it really isn’t worth it to rent to someone who cannot pay their bills. In this economy, do you really want to get stuck with that risk?

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