If you have ever been turned down for finance you know how difficult it is getting back on top. It has got to be one of the most frustrating systems that has been set up in the financial industry. You would think since everyone uses it they would be more compassionate to those who have been on top and for one reason or another had a blip. Often times the blip may not have even happened and getting it fixed is next to impossible. One of the compassionate industries where you can find new items for your home and not have a credit check when you fill out rent to own application is the rent to own houses industry.
These home ownership systems make it easy and are much more tolerant when it comes to people who have had a misfortune and got a mark against their credit rating. There are many people out there who have had medical issues take their credit score to the bottom. Not because they didn’t want to pay their bills but because they couldn’t make ends meet due to the large doctor bills on top of everything else. Trying to fix it is a nightmare unlike trying to get a new appliance at rent to own online. Wouldn’t it be nice for credit reporting agencies to also record the reasons for the credit problems?
It’s not like you can just call up and tell the credit scoring companies what happened and they will fix it. You have to keep calling the companies that put the marks against you and have them contact the credit scoring companies. Of course they aren’t as eager to fix the problem as they were to call in something against you. It is rare to find someone who wants to help you. That’s why many people are turning to rent to own houses and forgetting about going through the hassle of applying for a home loan when they have poor credit ratings.
There is a great DIY Rent To Own Manual that has been released by a couple of very sharp rent to own investors at http://www.DIYRentToBuyHouses.com.au where they show you a non investor view of how to secure your own rent to own home for as little as $10.00 down. This manual is teaching you how to do these deals directly with the seller, instead of involving investor middleman type people. Next time you see a local advertisement Rent To Own Homes, just ask yourself the question – if this is an investor, how much extra are they going to charge me. Don’t rush in and do your homework.
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