Homeless because of bad credit?

[pinnjnnn]

I can't find anywhere that will rent me a house as I have bad credit and fail the credit checks
I work but my credit history is bad.
Nobody I know owns property so can't be a guarantor
What am I meant to do?
I'm gonna have no where to live
Can these letting agents do this?

All I want is a place to call my own to start my own family.
That surely isn't too big of a want.

It's very normal to want this. However, as a future mother you need to make decisions to give your child a stable home. You don't want your child to have to grow up with your mum instead of you, or without what it needs just because you didn't manage your finances first. I think you need a realistic budget to figure out what a flat and a family life with a child would cost you. Then work towards that. You don't want your child to grow up miserable. Lot's of us had to wait before we had children. I totally agree that it isn't fun but it is necessary. The only thing now standing between you and your dreams is a realistic plan, so make one. With small debts and you in a job right now it should be doable within a few years.

I already pay £300 a month rent at home
My own rent wouldn't be much more and I would be sharing with boyfriend so would probably be less than I'm paying now.

So OP, what steps are you going to take in order to EARN the life you WANT. It is entirely up to you to take steps to achieve your goals, because nobody should just give you want you want, should they!

SilverDoe
That’s because you owned your mistake and rectified it. You clearly have dignity and strength of character.

We all make mistakes but it’s the measure of us as people on how we deal with them and move forward.

Some people don’t want to learn, they excuse their own behaviours and just keep on repeating and expect others to support their bad choices.

And? Working FT and paying tax is just part of adulthood for most folks.

I already pay £300 a month rent at home
My own rent wouldn't be much more and I would be sharing with boyfriend so would probably be less than I'm paying now

Really?
The cheapest property I rent out is £650 per month.

I bet your £300 a month includes utilities council tax, broadband, insurances and food.
You would have those costs on top.

@TheOxymoron I pay tax !
I work full time!

You won’t when you have that baby. Without savings, I reckon you will want us lot to support you and your debts.

I already pay £300 a month rent at home
My own rent wouldn't be much more and I would be sharing with boyfriend so would probably be less than I'm paying now.

That's just rent, though. Yes, your half of rent could be £300 if you live in a cheap area, but what about other bills? Council tax, food, gas, electric, TV license, internet, phone bill, car insurance/tax/MOT, fuel, water and everything else that needs paying. Then what about paying for a child on top of that? Formula, nappies, extra loads of washing, childcare or the complete loss of income - then as they get older, clothes, uniform, school activities, school meals...the list goes on.

You sound extremely naive and not really prepared for the costs of living independently. Besides, if you're only paying £300 rent why aren't you chucking everything else towards getting rid of your debts ASAP?

I think I saw a company online that acts as a guarantor for rent. You pay a monthly fee to them. I can't remember how much but possibly worth looking up? Search rent guarantor on Google.

I am starting to think this is a wind up.
You have not taken into consideration any suggestions here and tbh you do not sound 30. At 30 people normally understand how life and finances work. I live in a cheap part of UK and 300 wouldn't cover half of rent and bills for "nice 2 bed flat"...

If this is real you REALLY NEED to sit down and do proper research into how to sort your situation the best. Like paying off as much as you can and getting certs about satisfied CCJs. Everyone messes up sometimes, though this is quite spectacular, but it is really about how one approaches it later...

OP in the kindest possible way you are not in a financial position to move out.

You pay £300 at home which you call "rent" but I assume includes your water, gas, electricity, council tax and food. Council tax alone, depending on your area is generally just over £100. Going on cheapest possible you're looking £35ish water rates, gas/electric difficult to say as meter/direct debit varies but £50 is a low estimate. Food/groceries depending on where you shop, a low estimate is probably £50 a week again. That's not including any non essentials such as internet (debatable).

I'm not sure where you're based but where I am, you can get an average 2 bed flat for £575ish. That would leave your half of the costs, at the minimum and including your current outgoings, something like:

Rent: £287.50
Other bills/living costs: £117.50
Finance/Insurance: £270
CCJ payments: £200

That makes your total outgoings, before fuel and any other outgoings you may have £875. Don't even get me started on the costs of having a child. Not only do they come with a long list of their own costs (especially the stuff you have to buy in the 9 months before they're even here) but your existing costs such as gas/electric and for shopping will obviously increase too. As for nursery costs, I put my son in for 3 full days a week and it costs me £585 - and that's an average/decent cost for a nursery!

Whilst you're at home, every spare penny should go on clearing those debts. You will never get a better opportunity and if you want to leave home, the sooner the better. Yes they stay on your credit file for 6 years but the sooner they're paid off, the sooner those 6 years are over and you'll have the stress of their existence off your shoulders too.

OP, you have no idea the constraints that having a baby would put on your financial flexibility.

I speak to people every time I volunteer at the Foodbank who are in a situation you are going to put yourself in.

They live on the breadline - just about paying for their lifestyles. They pay rent or mortgage and any major expenditure ends up as a debt - be it a car or a household appliances. They can ‘never’ save anything as they live from hand-to-mouth. They start families because they see it as some sort of human right, regardless of the circumstances.

Then the shit hits the fan. Self-employed dad suddenly has an illness disability that means he can’t work for six months, or ends up on SSP if employed. Mum never went back to work when baby came along because they couldn’t justify the childcare costs. Suddenly they have literally nil income until the UC payments start but the rent, car payments, bills are all mounting up. Then it’s the start of term and new school shoes/uniform need to be bought.

Before you know it they are at the Foodbank becasue they’ve got £4.36 to last a fortnight and they’ve already accrued £3,000 in rent arrears.

They can’t fall back on savings because they never had any.

FFS, sort your life and your finances out before you even consider starting a family. It is one thing to be poor and anothther thing to be poor and with children to look after.

I'm really not entitled.
All I want is a place to call my own to start my own family.
That surely isn't too big of a want.

So what are you doing to get these things?

Make a plan, over pay your debts to pay them off quicker, get an evening or weekend job on top of your day job. Get a savings account to build up a deposit. Don't ever buy an expensive car on finance again. Cut back on nights out etc, and DON'T have a baby.

If you think rentvis all you have to worry about when you move out, you are having a laugh.

I have a small mortgage. It's around £300 pm. My overall bills including car, food, saving for mot etc (and you need to furnish the flat and save for a baby and mat leave on top) comes to more than double the mortgage payment.

So again, how can you afford it if you can not afford to pay more off your debt at the moment?

The £300 you pay your parents will not cover your half of bills and rent.

Hopefully this is a wind-up. OP, as if you're not already aware. YABMU.
If you want all those things, work for them. Stop being so entitled. You're not "homeless", you're living with parents whom, despite you being 30, are still financially responsible for you.

I was homeless at 19. Not your type of homeless but eventually lived in a hostel because I had no where else to go. I left school at 16 (because I'd been a carer) with no qualifications and I ran up massive amounts of debts because I was irresponsible. I worked and paid off all my debts with no help from anyone.

I now own my own home because instead of making stupid decisions, I saved everything I could. I also went to university when I was 27 and am now doing an MA. I've also lost my job in the past but this is what savings are for. I'm also on below the national average wage wise.

If you've been working full time for 18 months, you have no excuse. Crap happens.

Can't believe you think you've got it hard now and you're living with your parents! I'm also a landlord and wouldn't rent to someone with your credit history. Why should I put myself at risk for someone who isnt willing to take responsibility for their own actions?

I’ll repeat the question a PP posed, have you ever, at any time, lived away from your parents? If not, I think you seriously need to look at the actual costs of what that would mean, not assume that what you are paying now is an accurate reflection of market costs on your own or with a partner, who you don’t seem very sure about.

As for your expectation of what rent will cover, hmmm. Here’s what me and my partner have to cover each month, with no children and both working full time, we save a little, but not much, enough to pay for a bit of private dental treatment this year because we couldn’t get an NHS dentist, that’s been our big ‘luxury’ lol, no holidays away etc.

£700 pcm rent for a studio flat, SE England yes, but not uncommon, so no separate bedroom, never mind two – for a one bed I’d expect to pay £850 minimum and a two bed would be maybe £1400.
£50 electric.
£130 council tax.
£30 water.
£20 contents insurance.
Food, travel, clothing etc on top of that.
We don’t go out for meals or to bars.

Look at the advertised costs for rentals in your area, that will give a much better idea of what to expect. Council website for CT amounts. For your own sake wait to have a family, things are about to get A LOT harder under Universal Credit, you watch in the coming year and then think about everything again. You will NOT get a council house in the current climate. The myths about having a baby and immediately getting a house are just that, out of date myths, you’d end up in a hostel somewhere without even a cooker.

And if you don’t like that last paragraph, don’t vote Tory. If you did, this is your fault.

You might pay less than £300 rent, depending on where you live and if you're entitled to housing benefit, but what about everything else? Council tax, gas, electric, tv license, food, car etc. You'll also have to furnish a flat when you first move. If you have no savings, how can you afford that?
Spend a few years saving and sorting out your credit. If you don't want to wait then you'll need to suck it up and let your boyfriend do things in his name only until you're in a position to add your name. You're planning a baby with this man so having only his name on the tenancy won't be the end of the world.

OP, your plan should be to live at home and pay off as much debt as possible and try for a baby in 4 years time. 34/5 isn't old to have a baby and gives you enough time to try for a second.

You pay £300 all in now but might be able to rent a 2 bed for less than £600pm, but there's lots of other costs that you need to consider- broadband,insurances, gas, electric, council tax... does the £300 at home include food too?

If you are trying to be frugal, moving to a 2 bed before the child is even conceived is madness. The second bedroom will be empty for 9+ months and you could have saved the difference between a 1 bed and 2 bed. A flat would usually be cheaper than a house too. Can you afford to furnish a home? If living at home is intolerable then the others are right and you should consider a shared house to minimise outgoings. The CCJ should be a wake up call - ever heard of the phrase beggars can't be choosers? In 4 years time you'll be free so work towards that day and get your financial shit together.

You don't "feel" like sharing a flat with someone and all you want is a nice 2 bed?

This must be a wind up.
No one is this entitled AND bad at Maths...

Where do you think you can live in a 2 bed including food, council tax and bills for under £500?

And to top it off you want to drag a child into this hot financial mess...

I pay £300 here .
I pay for my own food here
So 2 wages would easily afford the rent.
Where did I say £300 only for rent /food

In my area you can get a 2 bed house for £400 £450 a month

£325 pcm
We could easily afford that