Hi Prospects & Friends,
Knowing what second chance apartments are, and where to find them will be what I discuss about in this post. First second chance apartments are apartment complexes that offer you a second chance to lease one of their apartments, by hearing your negative case. Every apartment complex is different and has different rules towards acceptance, but key is finding an apartment locator that has the experience in finding them for you. A negative case is something that may have caused your credit to be affected in a bad way or your background in a bad way, and it shows up in the public records, or on your credit report. Hardships occur, and finding the right way to explain them to the apartment complex will get you a better chance at renting again if the apartment complex is a second chance apartment complex. Once the second chance apartment complex gives you the opportunity to rent again, use them as your reference once you've stayed their long enough to build positive rental history, and then by then you will be able to go back to renting a apartment from anyone. So if you fall in the category of being affected in a negative way with your credit or background, it would be smart to lease from a second chance apartment complex. An example would be you're applying to different apartment complexes you like, but their all saying no. This example right here would possibly mean something is on your credit report or background in a negative way, and you need to find an apartment locator to help you seek out possibly second chance apartment complexes. The apartment complexes will notify you of why your application was rejected if you don't know why, but key is not to let it get to this point, and know beforehand what is going on with your credit or background so you don't waste money on application fees, and your credit being ran, because each time you fill out an application at a apartment complex your credit is ran, and it stays on your credit report as a hard inquiry for 2 years, which does also reduce your credit score preventing you from anymore possible opportunities of getting new credit. So follow my checklist and you should be ok with moving forward with your apartment.
- 1. Know what's on your credit and background before you contact anyone, by viewing your credit reports from TransUnion, Experian or Equifax. Alot of the banks offer free credit snaps and credit score if you have bank accounts with them, this isn't a full blown credit report, but it does allow you to get an idea on what's on their. For example Wells Fargo offers me a snap shot of my credit score, where Capital One, American Express & Discover offer me summaries of my credit report, along with free alerts and credit score. I use them all and its free, so your preference is up to you, but you need to know what's going on beforehand is my point from however you get the information.
- 2. Hire an apartment locator who can locate you second chance apartments
- 3. Make sure the apartment locator also has ability to locate second chance apartments who maybe offering specials for move-ins too.
- 4. Once you find a second chance apartment you like give your case to the apartment locator, and allow them to discuss your situation with the complex and analyze their rules against your case, and wait patiently. if they say no key is finding a apartment locator that will find you a second chance apartment complex that will say yes, and this will be determined by the apartment locators experience, apartment database, and knowing what to ask the apartment complexes in first place about these kind of cases.
Happy Memorial Day everyone, and if you just happen to be a Texas resident needing apartment locating services, contact me, I will assist you. Everyone else I hope these posts will still benefit you in many different ways.
Thanks
April
