Can't rent because of a charge-off...what can I do?

[Anonymous]

Anonymous wrote:If it were me I would just have your DH apply and claim he is moving alone. No LL is going to check who is living there once you actually take possession of the unit and provided you pay rent on time and are not a PITA they will not evict you for it (assuming you don't have like 20 people move into the unit with you).

So she breached one financial contract already and you’re advising her to now do so again?

[Anonymous]

Anonymous wrote:Why does the LL n
eed everyones credit? What if you were moving in with your 18 y/o kid? I'd see if you can have DH apply alone.

Because they are handing over a unit or house worth $100Kx 3 or 4. OF COURSE they ask to see credit!

[Anonymous]

You cannot rent from a property management company or large building until the charge-off drops from your credit history.

But you can rent from homes that are rented directly by landlords. Just avoid the larger buildings. Look for local listings in condo communities. There are many private landlords that do not use property management companies that will not have this criteria.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Why does the LL n
eed everyones credit? What if you were moving in with your 18 y/o kid? I'd see if you can have DH apply alone.

Because they are handing over a unit or house worth $100Kx 3 or 4. OF COURSE they ask to see credit!

Yeah, but why EVERYONE's credit? If DH is the one paying the rent, who cares what the SAHW or 18y/o kid's credit is? That's why I'm confused. I get the point of a credit check in general, did you choose not to read the rest of my post?

[Anonymous]

Anonymous wrote:

Anonymous wrote:The big buildings run by management companies are really stringent and ridiculous. Can you find someone who rents his family home or apartment? They won’t turn you down on an old charge off.

This. I don’t even check credit history for my tenants (oops). Only ask for offer letters with salary.

well, you are an idiot then --- real estate lawyer from family of real estate investors.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why does the LL n
eed everyones credit? What if you were moving in with your 18 y/o kid? I'd see if you can have DH apply alone.

Because they are handing over a unit or house worth $100Kx 3 or 4. OF COURSE they ask to see credit!

Yeah, but why EVERYONE's credit? If DH is the one paying the rent, who cares what the SAHW or 18y/o kid's credit is? That's why I'm confused. I get the point of a credit check in general, did you choose not to read the rest of my post?

because (obviously) they applied together! IF they hadn't, OP wouldn't be posting about the charge-off (which she should try to pay to rectify her credit score).

Or they are married so of course her credit comes up. Every time my DH and I buy something both credit scores come up. That protects the landlord. I expect a credit check every time I buy real estate, don't you?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Why can’t your husband sign the lease and add you as an authorized occupant? If he has sufficient income to qualify for the lease you shouldn’t need to be a party to it.

Another landlord here. All adult tenants get credit checks and they are all on the lease, which contains language that if one leaves, the other is still responsible for rent. That said, if I had applicants like OP and her husband, I would probably rent to them (both on the lease). Stuff happens and most of us have things on our "records" that we've outgrown and would never do again.

\\\+

+1. Standard credit check practices when a landlord.

[Anonymous]

Anonymous wrote:We've been denied 3 leases now because I have a charge-off just old enough it hasn't dropped off yet. It should drop off during the lease, but as this is a one-year move, that doesn't help. It was an issue buying our current house, but DH has a high enough salary that we dropped me from the mortgage application and just used his. Unfortunately that doesn't work for rentals which want the credit history of every adult.

My credit score is 815+, but the charge-off has rendered the score moot.

Is there any solution? DH is going to have to move alone if we can't come up with one.

You have your own answer right here. He rents it and moves in for some period of time, it could even be a few months, then you move in. In the meantime you visit a lot. As long as he's paying the rent nobody will care. Stay with a friend for awhile.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why does the LL n
eed everyones credit? What if you were moving in with your 18 y/o kid? I'd see if you can have DH apply alone.

Because they are handing over a unit or house worth $100Kx 3 or 4. OF COURSE they ask to see credit!

Yeah, but why EVERYONE's credit? If DH is the one paying the rent, who cares what the SAHW or 18y/o kid's credit is? That's why I'm confused. I get the point of a credit check in general, did you choose not to read the rest of my post?

because (obviously) they applied together! IF they hadn't, OP wouldn't be posting about the charge-off (which she should try to pay to rectify her credit score).

Or they are married so of course her credit comes up. Every time my DH and I buy something both credit scores come up. That protects the landlord. I expect a credit check every time I buy real estate, don't you?

They aren't buying real estate sooo

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why does the LL n
eed everyones credit? What if you were moving in with your 18 y/o kid? I'd see if you can have DH apply alone.

Because they are handing over a unit or house worth $100Kx 3 or 4. OF COURSE they ask to see credit!

Yeah, but why EVERYONE's credit? If DH is the one paying the rent, who cares what the SAHW or 18y/o kid's credit is? That's why I'm confused. I get the point of a credit check in general, did you choose not to read the rest of my post?

because (obviously) they applied together! IF they hadn't, OP wouldn't be posting about the charge-off (which she should try to pay to rectify her credit score).

Or they are married so of course her credit comes up. Every time my DH and I buy something both credit scores come up. That protects the landlord. I expect a credit check every time I buy real estate, don't you?

My credit score is high because I have two rental properties (20+ years of no late payemnts each) and a car and auto-pay. Has not much to do with him.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We've been denied 3 leases now because I have a charge-off just old enough it hasn't dropped off yet. It should drop off during the lease, but as this is a one-year move, that doesn't help. It was an issue buying our current house, but DH has a high enough salary that we dropped me from the mortgage application and just used his. Unfortunately that doesn't work for rentals which want the credit history of every adult.

My credit score is 815+, but the charge-off has rendered the score moot.

Is there any solution? DH is going to have to move alone if we can't come up with one.

You have your own answer right here. He rents it and moves in for some period of time, it could even be a few months, then you move in. In the meantime you visit a lot. As long as he's paying the rent nobody will care. Stay with a friend for awhile.

With my 3 kids? People don't do that. Our house is already sold, so I have literally nowhere to go. A hotel, maybe?

[Anonymous]

Anonymous wrote:You cannot rent from a property management company or large building until the charge-off drops from your credit history.

But you can rent from homes that are rented directly by landlords. Just avoid the larger buildings. Look for local listings in condo communities. There are many private landlords that do not use property management companies that will not have this criteria.

I had the opposite experience. We were able to rent from two complexes in downtown Silver Spring with no issues while being rejected by private individuals. Both apartments were nicer than the homes and one was 250 sq feet bigger. The trade off was privacy, of course but it was worth it for 24/7 maintenance. (DH can fix most stuff, but some landlords are funny about tenants repairing big issues plus it’s out of pocket if you fix it yourself.)

A complex isn’t going to go under because one tenant doesn’t pay the rent. A private landlord might be relying on each month’s rent to pay the mortgage on the property.

[Anonymous]

Anonymous wrote:

Anonymous wrote:You cannot rent from a property management company or large building until the charge-off drops from your credit history.

But you can rent from homes that are rented directly by landlords. Just avoid the larger buildings. Look for local listings in condo communities. There are many private landlords that do not use property management companies that will not have this criteria.

I had the opposite experience. We were able to rent from two complexes in downtown Silver Spring with no issues while being rejected by private individuals. Both apartments were nicer than the homes and one was 250 sq feet bigger. The trade off was privacy, of course but it was worth it for 24/7 maintenance. (DH can fix most stuff, but some landlords are funny about tenants repairing big issues plus it’s out of pocket if you fix it yourself.)

A complex isn’t going to go under because one tenant doesn’t pay the rent. A private landlord might be relying on each month’s rent to pay the mortgage on the property.

I guess it varies. In my experience private landlords can be more flexible (since they are making the rules for themselves) and are willing to negotiate, such as paying more months up front, for example, or will listen to OP’s explanation, and might not even run a credit check.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why does the LL n
eed everyones credit? What if you were moving in with your 18 y/o kid? I'd see if you can have DH apply alone.

Because they are handing over a unit or house worth $100Kx 3 or 4. OF COURSE they ask to see credit!

Yeah, but why EVERYONE's credit? If DH is the one paying the rent, who cares what the SAHW or 18y/o kid's credit is? That's why I'm confused. I get the point of a credit check in general, did you choose not to read the rest of my post?

There are criminal background checks for everyone over 18. They also check for any prior evictions. Credit score usually only needs to be above 600-650.

Maybe there’s something in OPs criminal background check?

[Anonymous]

Anonymous wrote:

Anonymous wrote:You cannot rent from a property management company or large building until the charge-off drops from your credit history.

But you can rent from homes that are rented directly by landlords. Just avoid the larger buildings. Look for local listings in condo communities. There are many private landlords that do not use property management companies that will not have this criteria.

I had the opposite experience. We were able to rent from two complexes in downtown Silver Spring with no issues while being rejected by private individuals. Both apartments were nicer than the homes and one was 250 sq feet bigger. The trade off was privacy, of course but it was worth it for 24/7 maintenance. (DH can fix most stuff, but some landlords are funny about tenants repairing big issues plus it’s out of pocket if you fix it yourself.)

A complex isn’t going to go under because one tenant doesn’t pay the rent. A private landlord might be relying on each month’s rent to pay the mortgage on the property.

Or the landlord might not be paying the mortgage. When we came back to our rented house after having our first child we had the bank at our door. The house was going into foreclosure and we had to move out because the landlord hadn’t paid the mortgage in six months.