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Renting with Bad Credit

Tuesday, March 12th, 2013

A bad credit history can be a pain at times. Bad credit ratings do not just pose a problem when one tries to get fresh credit, bad credit has a way of playing truant in almost every effort to secure fresh credit in the future – and trying to get an apartment is a form of securing credit too. The landlord, or broker, is hoping to collect rent every month – and if you have a bad credit record, well, you just may not be able to honor your commitment to pay the rent as well. This is why real estate brokers and landlords prefer to check an applicant’s credit records before signing a rental agreement.

So, if you are in the red and already have a bona fide bad credit history, how do you go about renting with bad credit?

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I Have Bad Credit – Can I Buy a Home?

Tuesday, May 22nd, 2012

Buying a home with bad creditPurchasing a home is a dream for many people. Whether you are an individual or raising a family, home ownership is a great way to build wealth. However, it generally takes a good credit score to get a home loan. Here are five things to consider if you are looking for a home loan with bad credit.

1. Put More Money Down On The Home

Most banks require at least 10 percent of the purchase price upfront. Putting down 20 percent of the purchase price shows you have the means to make timely payments. Continue reading >>