If I have gone bankrupt, can I still rent an apartment or place to live?
If you have gone bankrupt, then you know that a lot of your freedoms are compromised. Sure, you are out from underneath the thumbs of your creditors, but you have to be careful of how much money you earn in assets. There are other consequences, though, that you need to be aware of.
One of those consequences is that a bankruptcy will have an impact on your existing job and will make it difficult to find a new job, especially in the financial sector. Another consequence is that you will have difficulty finding an apartment or place to live that you must rent.
Landlords are looking at credit files more now than ever because they are tired of allowing tenants rent from them who do not pay their rent. By looking at a credit file, they are able to get an idea of how that person will pay. Even if you do not have a problem paying rent, your credit file may say something completely different. When they see that you have gone bankrupt, they frown upon that.
Fortunately, it isn't impossible to find a place to live. Not all landlords look at credit files. However, it is very unlikely that you will be able to find a savory place to live. You might be able to afford that really nice apartment with the crystal chandeliers, but the landlord will look at your credit file and decide that crystal chandeliers are not your cup of tea. You may find that the one landlord who will rent to you has an apartment with paint peeling off of the walls. If that is all you can get, then that's what you will have to settle with.
It is very rare that you will find a landlord with a nice apartment to rent who does not take a look at credit files. They want to make sure that they are going to get paid. A credit file can also tell them how responsible a person is, which means it is less likely that damage will occur on the property. This isn't foolproof, but many landlords look at it that way.
So try to do everything you can to avoid going bankrupt, because every area of your life can be affected. You want to have a good job, you want to have a nice place to live, and you want to be able to keep all of your assets. When you file bankruptcy, you are trading the confines of debt for another kind of confinement.
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