A friend of mine has been searching for a studio apartment for the last month- as he needs to vacate the place he lives in by Nov. 1.
He has encountered a problem in renting places however, as he filled for bankruptcy a year and a half ago. The reason for this bankruptcy was that he and his ex wanted to get rid of the credit card debt they had had built up. Together, they filed together to get rid of 26 Thousand dollars in debt. Although living together- one of them making 75 Thousand a year...it must have been deemed that as one wasn’t working- even though the other made money and had a secure job –they would not be able to survive…
Nice.
No more monthly credit card bills- and look at the material items still owned. They were allowed to keep the car –partly purchased on the credit card and all other items purchased which ran up this credit card debt.
Not so nice.
In his attempts to find an apartment, many landlords have turned him away- as he has history of bankruptcy.
Not nicer more.
He found one place that he may be able to rent, however he needed to provide a holding check of $500.00….and guess who provided that check to him…
Good thing I don't live beyond my means...I mean...what would he do?!