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Posts: 1
Registered: ‎09-04-2011

Renting 1 year 8 months after bankruptcy

We filed Chapter 7 and had it discharged in December 2009.  Our FICO scores range from 680 EXP, 690 TU, 695 EQ.  We have been able to get new credit and made all payments.  2 months ago we stopped mortgage payments as we are short selling (orignally we planned on keeping the home, never re affirmed).  Our credit is not being affected but I think I would like ot rent for 2 years then get a VA loan on a new property.  Has anyone had issues renting with a BK that is discharged 1year 8 months ago with rebuilt credit in the very high 600's?  I have seen some applications want home owners to show mortgage payment history but we stopped payments 2 months ago to get the short sale on the road.

Frequent Contributor
Posts: 437
Registered: ‎05-21-2011

Re: Renting 1 year 8 months after bankruptcy

I think very few landlords would disqualify you simply for the bankruptcy. We looked at a new house yesterday and he even told me just to be honest and that he doesn't care because "everybody" has had to file. With everything that's happened since 2008, I wouldn't worry too much.

Starting Score: 596 EQ 5-22-11 / 554 TU 5-23-11
Current Score: 615 EQ 08-15-11 / 631 TU 09-27-11
Goal Score: 700+

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Valued Contributor
Posts: 1,062
Registered: ‎05-26-2010

Re: Renting 1 year 8 months after bankruptcy

I filed and was discharged in 2009, stayed with the existing apartment for 10 moths after discharge and then moved to a different city.  I rented from a private individual, he ran a TU based rental credit report (my credit was off-the-charts-high despite my BK), and took a reference from my then-current landlord.

BK7 Filed 8/11/2009 Discharged 11/23/2009. Purchased new home 4/11/2012
Starting Score:11/16/2009 EQ 566 11/16/2009 TU 538
Interim Score: 12/27/2012 EQ 683 09/17/2012 EX (lender) 670 1/01/2013 TU 701
Current Score: 11/06/2013 EQ 708 11/06/2013 EX 702 11/16/2013 702 11/06/2013 TU 729
Goal Score: EQ 740 EX 740 TU 740
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