Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Scores
Profile Image

Question By
sherrygreen7201

1 Contribution
1 Person Helped
what happens to my credit if i break my lease?
my apartments told us 2 weeks in advance if we didn't renew our lease rent would be raised the next month. we didn't think we had a choice so we renewed and now we don't want to stay the whole lease. if we leave early will our credit be damaged a lot?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
2 Contributions
12 People Helped
Most Helpful Response

Breaking your lease

Helpful to 2 out of 2 people

I am a assistant manager for an apartment complex and If your going to break your lease usually you could put in a notice with your landlord and pay a termination fee and you will still be considered in good standing. If you just leave with out notice then it will be reported straight to the collection agency.

Reply by
sherrygreen7201

1 Contribution
1 Person Helped
Helpful to 1 out of 1 people

If we pay the termination fee are we still responsible for the remaining months rent?

1 Contribution
0 People Helped

question

once i pay all the fees back, will my credit score rise and more importantly will i be able to get a new home without the history of lease breaking?

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.