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Parent Emeritus
To cosignn or not to cosign..... ugh
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<blockquote data-quote="DaisyFace" data-source="post: 429694" data-attributes="member: 6546"><p>Well, it seems to me that if their credit history is bad...</p><p> </p><p>then they should not be looking at the types of rental situations that require good credit.</p><p> </p><p>We all know that there are many many different kinds of places to rent out there....and if they are trying to go through a real estate agency or professional management company - they will need good credit.</p><p>If they do not qualify on their own, then in my humble opinion, they need to start looking for a private rental...instead of looking for a co-signer. And these companies WILL go after the co-signer for every last cent if the tenants skip out on the lease and/or leave the rental in less than stellar condition.</p><p> </p><p>Private rentals are advertised all over the place: Craigslist, the local paper, signs on the lawn. If they have poor credit, it's the best way to go. (Heck, if you have GOOD credit, sometimes a private rental is still the best way to go!)</p><p> </p><p>Their credit worthiness should not be your problem. And it should not be something you should feel bad about.</p><p> </p><p>Just my .02</p></blockquote><p></p>
[QUOTE="DaisyFace, post: 429694, member: 6546"] Well, it seems to me that if their credit history is bad... then they should not be looking at the types of rental situations that require good credit. We all know that there are many many different kinds of places to rent out there....and if they are trying to go through a real estate agency or professional management company - they will need good credit. If they do not qualify on their own, then in my humble opinion, they need to start looking for a private rental...instead of looking for a co-signer. And these companies WILL go after the co-signer for every last cent if the tenants skip out on the lease and/or leave the rental in less than stellar condition. Private rentals are advertised all over the place: Craigslist, the local paper, signs on the lawn. If they have poor credit, it's the best way to go. (Heck, if you have GOOD credit, sometimes a private rental is still the best way to go!) Their credit worthiness should not be your problem. And it should not be something you should feel bad about. Just my .02 [/QUOTE]
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To cosignn or not to cosign..... ugh
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