im starting work as an over the road truck driver. so for the next couple years i will literaly never be home. so if i moved out of here and put my stuff in storage i would be saving $800 a month on a place im never at anyhow.
but that woud mean changing my mailing address. i know this wil effect my credit negatively. but how negatively exactly?
2006-07-24 11:45:33 · 7 answers · asked by sean_mchugh6 3 in Business & Finance ➔ Credit
I know, according to most leases, that you can't sublet your apartment. And, if you don't like your apartment or would be paying too much you might want to move. But you have to weigh the pros and the cons in this situation.
You have to be getting mail somewhere (bills and such), and keeping a phone (you might want to have the phone company take your messages), And you might be saving $800 but it would take you $1500 plus moving costs to start up again in 6 months somewhere else, plus you'd have to go searching for other accommodations and these days it's getting more and more difficult to find housing. So I'm going to suggest to you that you just pay the rent, have a neighbor pick up your mail.
Depends on what your lease says if you can back out of a lease. Sometimes, and if they are reasonable and agreeable, that you have given them 30 days notice, and that you just lose your deposit. But sometimes they will make you pay till the end of your lease and that's the question to ask yourself.
If they will ask you to pay to the end of your lease and you can't afford to do that, THAT will affect your credit negatively and they will call you in to court to pay that bill. And it won't go away until you pay it.
If they are reasonable and they allow you to break your lease the worst that can happen is that you can't rent there again, or in any apartment place that is run by the same company.
2006-07-24 11:56:10 · answer #1 · answered by sophieb 7 · 0⤊ 0⤋
Having no fixed place of abode could affect your credit rating but not to such an extent of losing $800 a month if you stayed where you are. Why not contact one of the credit bureaux and ask them how it affects you or contact the local consumer advice bureau or even your bank. Any of these sources should be able to give you information or point you in the right direction. The Better Business Bureau may also be able to give you info.
2006-07-24 18:51:28 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Just pretend to move in with a friend. Pay a utility bill regularly as a thank-you and a way of keeping up the credit rating.
Seek out a credit-rating agency or independent financial adviser if you want some metrics.
2006-07-24 18:54:33 · answer #3 · answered by AzaC 3 · 0⤊ 0⤋
Moving, by it self, doesn't hurt your credit score unless you move often. Breaking your lease will. You can probably avoid this by buying your way out of the lease. If your landlord has a waiting list and can charge a new tenant more, they will be glad to negotiate. On the other hand, they can theoretically hold you responsible for the full rent for the rest of the lease.
2006-07-24 19:40:25 · answer #4 · answered by STEVEN F 7 · 0⤊ 0⤋
I never heard that it would affect it negatively as just is a fact of life. The credit agencies will look at how long you have been at a location in terms of if you are stable...but that doesn't say that people that move around aren't stable... If you were thinking of just doing it to a PO Box, that probably also shouldn't affect it...but if you are worried, ask a close relative if you could use their address as "your's".
2006-07-24 18:50:54 · answer #5 · answered by Janelle M 3 · 0⤊ 0⤋
That all depends on the lease agreement
, it could effect you when trying to get another place.
2006-07-24 18:53:12 · answer #6 · answered by preciousprofet@sbcglobal.net 1 · 0⤊ 0⤋
If you are breaking the lease it will trash it.
2006-07-24 18:49:35 · answer #7 · answered by Anonymous · 0⤊ 0⤋