Second Chance Rentals
                     Getting an apartment with no credit 
and ways to increase your credit
Most landlords or management 
companies require tenants to pay a 
security deposit before moving out. If 
you have bad credit, you may be 
required to pay a higher security 
deposit to minimize risk. This should 
help the landlord feel more 
comfortable accepting your application 
and give you a few months of extra 
security if you default on your 
payments.
Strong credit history is essential for 
many reasons, including buying credit 
accounts or cell phone contracts and 
purchasing an apartment. If you don't 
already have a credit history, here are 
several ways to fix it and get approved 
for your Second chance rentals.
Get an apartment with no credit
1. Find a roommate
A roommate can help in the same 
way as a co-signer, as long as they 
have a good credit history. If you’re 
combined income and a person's 
credit history are good enough, 
many landlords will jump at the 
chance and rent from you. If you 
break your end of the rental 
agreement that could seriously 
affect your credit rating and your 
friendship!
2. Find an independent owner
Owners who rent their independent 
unit are more likely to be flexible 
with applicants than an apartment 
management company or 
condominium association, so look 
for independent owners if possible.
3. Show proof of income
If you don't have a Rentals bad 
credit history, the best way for a 
landlord to know if you'll be able to 
pay your rent each month is to 
know if your income is sufficient. 
Landlords typically look for an 
income about three times their 
asking rent, so limit your search to 
about a third of your income.
Before looking for a Bad credit 
apartments for rent, gather your 
two or three most recent pay 
stubs, which should provide 
landlords with at least an estimate 
of your typical monthly income 
when you apply.
4. Show them the money
Money talks in many cases. Make 
copies of your last three bank 
statements to show you have 
enough income to pay your rent. 
Please provide documentation of 
your current balance if you have a 
savings account. Rentals for bad 
credit offer to pay two or three 
months' rent in advance or a hefty 
security deposit to convince them 
you're financially solvent and 
reassure them.
5. Offer to move in immediately
It can be costly for owners to own 
properties without renting. While 
properties are vacant, the owner or 
property manager is still responsible for 
the mortgage, utilities, and property 
taxes with no refund.
6. Explain yourself
Many homeowners find it sufficient for 
applicants to attach a letter to their 
application explaining their credit 
history. If there's an understandable or 
legitimate reason why you don't have a 
credit history, or if there are other 
reasons why you'd be an excellent and 
responsible tenant, it doesn't hurt to 
explain them.
If your potential landlord is afraid they 
won't give you the apartment because 
you don't have credit, explain why you 
don't. Explain that you are a valid 
immigrant or visa holder and have not 
had an opportunity to build a credit 
report yet. Your reasons may make sense 
to them and put them at ease.
7. Apply for a 
short-term lease
Although fairly standard, a 12-month lease is more of a commitment 
for both tenant and landlord, so landlords want to find someone they 
can trust throughout the term. If you're talking to an independent 
landlord, consider asking them to give you a short-term trial lease so 
you can prove liability.
Giving a tenant a three-month lease is much less risky for the landlord, 
and if all goes well, they can extend the lease after you've shown you 
can handle it. If you go this route, pay on time or early every month.
8. Provide references
Most landlords ask for the contact 
information of previous landlords and 
employers anyway, so see if you can 
provide them with complete written 
recommendations. Having employers 
or even college professors vouch for 
it is an excellent way for owners to 
understand its reliability. Although 
getting an apartment without a credit 
history is possible, it's a good idea to 
start building one as soon as possible.
Good credit is vital for applying for 
apartments, but it's also essential for 
buying a car and applying for loans, 
which you could need in a matter of 
years. Ask your bank about opening a 
low-limit secured credit card, which is 
a great way to build credit without 
risking a lot of debt.
9. Prove that you have no credit because you have no debt
Second chance apartments fit with your first point. Showing them 
your lack of debt to prove your lack of a credit report will corroborate 
your explanation. If you show them that you have yet to build credit 
and that your lack of credit score is not due to some other dubious 
reason or failure to honour previous commitments, they may be willing 
to offer you a lease.
Contact us
+1 219-413-2591
[email protected]
www.secondchancerentals.us