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Your Questions About Cheap Apartments Rent No Credit Check

August 27, 2013

Sharon asks…

What would you do in this situation? need to know my rental options.?

I am trying to move in with my Fiance, we want to move to the City centre and apartments are not cheap (want to move there as it is close to our work and our friends live there)

We tried to rent an apartment a few months ago for £590 per month but after paying £240 for our references and checks we were told we had failed and they would not rent the apartment to us, we were told that it was because my fiance’s credit score was not good enough. We both live with out families at the moment so we have never had to go through this before.

We have had a problem ever since trying to find somewhere to live. I have thought long and hard about this and have come up with the only 2 options I can think of..

1. since my credit score is good and I can rent upto £500 per month just in my name that we try and find a tiny place and rent there just under my name for 6 months to a year until our financial positions are stronger and we can rent somewhere more expensive/ hopefully we will have saved enough for a deposit on a house (my fiance earns a good salary)

or

2. take out a loan to pay 6 months rent upfront on a place, paying the loan back as if it were rent for the 6 months until it is paid off (enabling us to get a bigger place right away) – we were given the option to pay 6 months rent upfront the first time but we did not have the money to do so.

what are my options here? we really need to move to be closer to work..

Thanks for your help!

Administrator answers:

I kind of agree with the first two answers. You need to get things in their proper order.

The first thing that I noticed is that you say your fiance makes a good salary. Why is his credit score so bad then? This might be a red flag that he is irresponsible with finances. Since financial problems rank in the top two or three reasons couples get divorced, I’d be more than a little concerned about that issue.

Secondly, this is not a problem that you should take on as the sole person responsible from a financial standpoint. By that I mean, don’t put yourself in a position that if the relationship blows up in the next couple of months, you are left solely responsible for the financial burden.

While the two ideas you came up with are very clever and either one might work, they both leave YOU being the one responsible financially.

My suggestion is along the lines of the first answer.

The first thing I can say is that if you are not committed to each other enough to get married, then you should not commit to living with one another either. I say this assuming that the hesitant party is your fiance as this is most often the case. Once he gets all of the benefits of a wife without the legal commitment, he may delay making that commitment for some time to come. This is a very common occurrence, not just some paranoid rant on my part.

Secondly, he needs to improve his credit score and deal with whatever issues have caused the poor score in the first place. If you should become pregnant, you want to have the option of being a stay at home mom for at least a little while. This might not be an option if he isn’t more responsible about financial matters.

I think until those two are addressed and resolved. You should not move forward with your plans. To do so is to repeat the mistakes that thousands of young women have made before you and regretted. Better to wait and be sure than to jump into something that won’t be so easy to get out of.

Nancy asks…

What would you do in this situation? need to know my rental options.?

I am trying to move in with my Fiance, we want to move to the City centre and apartments are not cheap (want to move there as it is close to our work and our friends live there)

We tried to rent an apartment a few months ago for £590 per month but after paying £240 for our references and checks we were told we had failed and they would not rent the apartment to us, we were told that it was because my fiance’s credit score was not good enough. We both live with out families at the moment so we have never had to go through this before.

We have had a problem ever since trying to find somewhere to live. I have thought long and hard about this and have come up with the only 2 options I can think of..

1. since my credit score is good and I can rent upto £500 per month just in my name that we try and find a tiny place and rent there just under my name for 6 months to a year until our financial positions are stronger and we can rent somewhere more expensive/ hopefully we will have saved enough for a deposit on a house (my fiance earns a good salary)

or

2. take out a loan to pay 6 months rent upfront on a place, paying the loan back as if it were rent for the 6 months until it is paid off (enabling us to get a bigger place right away) – we were given the option to pay 6 months rent upfront the first time but we did not have the money to do so.

what are my options here? we really need to move to be closer to work..

Thanks for your help!

Administrator answers:

No you can’t rent in your name only and move her in. She needs her parent to cosign the lease to guarantee payment of rent.

Joseph asks…

how to live on our own in a situation like this?

hi im 17 got kicked out o my house. not allowed to go back. im staying t a friends house. how do i rent an apt. be a student and wrk at the same time?
In Canada

Administrator answers:

Well, you don’t rent an apartment at 17 because you cannot enter into a contract. Technically you can call social services because your parents are legally required to take care of you until you are 18, unless you have been emancipated.

If you can stay with friends or other family members until you’re 18 that would be the easiest choice. Start working and saving now though because living on your own is expensive (you’ll likely need a roommate or 2). Working and being a student is difficult… Are you almost done with high school? If you have a roommate or two, you might be able to find a cheap enough place that you can get by working part-time — if you have a more expensive place or want cable, internet, cell phone, car, etc. You’ll need a full-time job. You will basically forgo a social life working full-time and attending school full-time (did this through four years of college while also parenting – it was rough, but doable). You have to plan your time well and be organized.

The landlord will expect to see at least 3x the monthly rent in monthly income… You may have to search for a landlord who doesn’t put much emphasis on a credit check since you will be unlikely to have much, if any credit at 18. If you’ll be attending college, keep in mind that you can only get financial aid if your parents are willing to give their information and sign the application because you will still be considered a dependent student until you are: 24, married, providing more than 50% of the support to a dependent (child), or join the military.

Good luck to you — it’s doable… Just take some balancing (and you’ll need to be 18 in the US).

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