I’ve got really bad credit - Can I do rent to rent HMO?
This weeks Ask The Angels question is from Frank and he wants to know if his bad credit will stop him starting in rent to rent and getting contracts from agents.
Here’s Frank's question...
“I’ve got a really bad credit record, my credit record isn’t good so I’m just wondering if that would that be a problem trying to get contracts from letting agents. And if that’s going to be a problem, is there any advice you could give to avoid that being a problem and stopping me from getting contracts from agents.”
Could you be in a similar situation to Frank?
You might be thinking about rent to rent and decide it’s all very well in theory but you don’t think rent to rent is for you because you have bad credit.
This is important because a low credit score will make it challenging to pass the referencing process with letting agents.
My answer surprises some people.
And it angers others.
The true answer is.
Yes, you can do rent to rent if you have bad credit.
Some of the most successful business people and entrepreneurs started off with nothing or even significantly in debt.
Many of them have gone bankrupt in the past or managed their money badly.
Listen on to find out how...
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Until next time, have a great rest of the week.
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See you soon!
Stephanie & Nicky
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