How to Rent an Apartment After Bankruptcy

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Rent an apartment after bankruptcy by being honest with the landlord about the situation, paying an increased damage deposit and paying an additional month's rent. Consider moving in with another person who does not have credit problems with advice from a registered financial consultant in this free video on bankruptcy.

Part of the Video Series: Personal Finances & Money Management
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Video Transcript

This is financial adviser Patrick Munro talking about how to rebuild your life after bankruptcy and primarily how to rent an apartment after bankruptcy. Bankruptcy of course is a difficult financial journey to go through and it decimates your credit and of course landlords are looking for good credit. If you approach a place that you would like to rent and you are straightforward and honest with the landlord, given prevailing market conditions, be honest with him and present yourself in a well groomed situation and you'd be surprised at how much slack that will get you. Normally you will be asked for an increased damage deposit, perhaps an additional month moreover from the regular people that are out there. But if the apartment is well worth it, then you should consider doing just that because working with that landlord and paying your rent in a timely fashion will help rebuild your credit. The other option is to move in with another individual and he is on the lease and of course you are just simply a sublessor and it's not required to be an issue. This is Patrick Munro talking about how to rent an apartment after bankruptcy.


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