Can I still rent a property if I am under debt review?

The debt review process as such is not classified as a credit agreement and you will therefore able to rent a property. In fact, we will make provision for your rent expense in your debt restructuring budget and can provide the agent or lessor with a letter that confirms that you are in a position to pay your monthly rent.

Absolutely, you can still rent a property while under debt review. The debt review process is not classified as a credit agreement, allowing you to maintain your ability to rent. At Zero Debt, we will include your rent expense in your debt restructuring budget, ensuring it is accounted for. Additionally, we can provide your agent or lessor with a letter confirming your ability to pay monthly rent. If you have any concerns or need assistance with your specific situation, don’t hesitate to get in touch with us. Our team of experienced debt counsellors is here to help you navigate the process and answer any questions you may have. Contact us today to discuss your options and ensure a smooth and stress-free experience. Visit our Contact Us page to get started on your journey to financial stability and continued peace of mind. Let Zero Debt support you in managing your debts while maintaining your lifestyle. Reach out to us now and take the first step towards a secure financial future.

FAQs and Answers

1. Can I rent a property while under debt review?
   Yes, you can still rent a property while under debt review. The debt review process is not classified as a credit agreement, meaning your ability to rent remains unaffected.

2. Will my debt review status affect my rental application?
   No, your debt review status does not appear as a credit agreement, so it should not impact your rental application. However, some landlords may still conduct affordability checks.

3. Can Zero Debt assist with my rental application?
   Yes, Zero Debt can provide your agent or lessor with a letter confirming that your rent is accounted for in your debt restructuring budget.

4. Is rent included in my debt repayment plan?
   Yes, we include your rent expense in your debt restructuring budget to ensure that you can meet your monthly rental obligations while managing your debt.

5. Do landlords check my debt review status?
   Some landlords may conduct affordability assessments, but debt review is not classified as a credit agreement, so it should not directly affect your rental approval.

6. Will I struggle to rent a property due to debt review?
   No, as long as you have a stable income and rent is included in your budget, you should not struggle to secure a rental property while under debt review.

7. What should I do if my rental application is declined due to debt review?
   If a landlord rejects your application, you can explain your financial situation and provide a confirmation letter from Zero Debt stating your ability to pay rent.

8. How can I get assistance with renting while under debt review?
   Contact Zero Debt for expert guidance on managing your debt while renting. Our debt counsellors can provide support and ensure your rental expenses are covered.