Filing for bankruptcy provides relief from overwhelming debt, allowing you to get your finances back on track again. Unfortunately, renting an apartment in St. Louis, Missouri with a bankruptcy on your credit report can be a little bit challenging. The good news is, there are some steps that you can take to improve your chances of getting a landlord to approve your application.
Your first objective should be to make yourself as attractive as possible to potential landlords. For instance, if you can show them that you have steady income and that you have been at the same job for a long period of time, they may be willing to overlook a recent bankruptcy.
Some landlords even view bankruptcies as being somewhat of a positive thing. After your debt is discharged, you have a lot more disposable income. From a landlord’s perspective, this additional income should make it easier for you to pay rent, making you a more attractive tenant. Put together a budget showing how much money you have available for rent each month. If you can show potential landlords that you have plenty of disposable income, they may be open to the idea of giving you a break.
You may also want to put together a letter explaining the underlying cause of your bankruptcy. For instance, if you had to file for bankruptcy because of a divorce or because of an unexpected job loss, write down the circumstances surrounding your case. If you can prove to a landlord that it was a one-time problem that is unlikely to occur again in the future, they will generally be more willing to rent to you.
If you are already renting a place and have always been on time with your payments, you can also share that information with potential landlords. Being able to present prospective landlords with receipts showing that you have always been on time with your rent can go a long way toward making you a more attractive tenant in their eyes.
After filing for bankruptcy, the process of renting an apartment in St. Louis, Missouri becomes a little bit more difficult. Even though you may have to jump through a few extra hoops, however, you generally shouldn’t have too much trouble finding a place to live. It is all about finding ways to show potential landlords that you have steady income, that you are responsible, and that your bankruptcy was a one-time event.