15 Reasons Why Renting Is Better Than Buying a Home

3. You can take time to repair your credit

hand checking poor option for credit score

Poor credit scores will make buying a home more difficult. | iStock.com

Irresponsible spending habits in college and those sneaky credit card scams will haunt you for years. Sometimes, it can take more than seven years to fix your credit. If you’re in the bad-credit club, like one-third of the American population, it might be best to rent rather than buy. Those with low credit scores will find buying a home laborious, and it’ll be wise to wipe clean those credit blemishes before jumping onto the buying scene or making any substantial purchases in general. Renting to re-establish a solid payment history can be a good way to bide your time.

Sometimes the money just isn’t there …

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