What is the best way to go about renting an apartment with bad credit?
Question by weavera79: What is the best way to go about renting an apartment with bad credit?
A friend of mine is trying to rent his first apartment with bad credit. Does he have a chance?
Best answer:
Answer by apollo
I answer this question everyday. With the company I work for, the answer is yes. Many times I ask a double deposit if the credit is not the best. It really depends on what is on the credit report.
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Is it okay to get a small loan for your first apartment payment?
Question by : Is it okay to get a small loan for your first apartment payment?
Okay I’m trying to move into my first apartment with a roommate. The place we want, wants for the two months payment up front. I waz wondering would it be a dumb idea to take out a small loan to make that first payment.
Best answer:
Answer by Judith
I think that it is always a mistake to take out a loan unless it’s for a house or car. And I think taking out a loan when you will be sharing an apartment with a roommate is a very big mistake. Unless you and the person you are sharing the apartment together with is a very, very good friend. you need to consider that living with someone for a year is a long time and I’ve known too many roommates who turned out not to get along and one leaves the other holding the apartment alone.
Save your money and only then move. Don’t do credit cards. Live within your means and save at least 10% of your take-home pay. I have always had debts until about two or three years ago and, at age 65, am finally debt-free. Because I always had credit cards and loans I was never able to save money and I have nothing to show for all the years I worked. Do not make the same mistake.
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