i am a resident of NY but i have rent in MASSACHUSSETS. i live with 5 other guys. if miss out on one months rent whhat could happen?
2006-07-17 08:53:43 · 7 answers · asked by matttttttttt 1 in Business & Finance ➔ Credit
You can get a judgement of eviction on your rental history which will prevent you from getting another apartment. Also, if you don't pay whats owed after you leave (whether evicted or not), you will end up with that amount owing on your credit and it will most definatly bring your score down and keep you from getting credit cards or good financing for a car or house.
2006-07-17 08:57:58 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Yes, it can. When you sign the rental contract, you are agreeing to pay a certain amount every month, and if you cannot/will not pay that amount on time it will go on your credit report. Credit agencies talk to each other all the time so that they won't get burned by people who don't meet their financial obligations.
2006-07-17 15:58:54 · answer #2 · answered by triviatm 6 · 0⤊ 0⤋
Only if your landlord reports your non-payment of rent to a credit bureau or sends your account to a collection agency.
I would be more worried about being evicted.
2006-07-17 15:57:20 · answer #3 · answered by Novice restauranteur 3 · 0⤊ 0⤋
Yes; any time you neglect to pay any debts, that organization has the right to report you to a collections agency. Once you are reported to collections, you are dinged on your credit reports.
2006-07-17 15:57:25 · answer #4 · answered by ku_dude02 2 · 0⤊ 0⤋
If you're on the lease, it certainly can.
If not...then they probably won't identify you.
Work w/ your roommates on solving this. Don't let a bad month trouble you for the next few years.
2006-07-17 15:58:33 · answer #5 · answered by Iridium190 5 · 0⤊ 0⤋
Yes, of course, but only if you are on a lease.
2006-07-17 15:57:03 · answer #6 · answered by Michelle 6 · 0⤊ 0⤋
For sure!
2006-07-17 15:56:13 · answer #7 · answered by StaLynnCey 2 · 0⤊ 0⤋