After you've become bankrupt, the first thing that you want to do is to buy a new house. But the better course of action to take is to rent a new one. This will be better considering your current financial situation. First, you have to decide if you want to rent via property Management Company or through a private party. Renting a new home from a property management company may be a challenging task. These companies review your credit history before they give you a lease. Your bankruptcy may be questioned and they may deny your application. It is recommended to research about a company first and determine if they accept tenants who experienced bankruptcy.
Meanwhile, if you chose to rent from a private party, the processes can be easier. This is so because every thing will depend on your negotiation. On the day of your meeting, be sure not to show any marks of your recent bankruptcy. Dress well, groom yourself properly and show manners. You have to tell the landlord about your bankruptcy but assure him that this time; you want to make a better credit history. You must be sure of this first because if you do not think that you can pay the rate that he is offering, then you can look for a cheaper place instead of lying. Being unable to pay your landlord will just add up to your credit and this is not a good start for someone who had just been bankrupt.
Posted on 02 May 2011 and under Removals